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15.03.2023 08:39 PM
USDJPY, H1 | Time to Buy?

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The price has recently reversed from our 1st resistance level at 135.18, which lines up with the 50% Fibonacci retracement. Additionally, it appears that the price has broken through our ascending trendline, which is a bearish signal. As a result, the price could potentially drop down to our 1st support level at 132.67. If there is a strong selling momentum, the price could potentially drop further down to our 2nd support level at 130.587.

Dean Leo,
Analytical expert of InstaForex
© 2007-2024
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