USDJPY discounted scenario is highly promoted
Updated
Dear readers, The continuous weakness of the USD is the only suitable scenario to prevent the USD/JPY exchange rate from continuously rising. At the time of writing, the price is trading below the resistance level of 150.80.
If the downward trend continues to be stable on the 1-hour timeframe, there is a high expectation for a price decline to the level of 149.100.
If the downward trend continues to be stable on the 1-hour timeframe, there is a high expectation for a price decline to the level of 149.100.
Trade active
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.