USDJPY may fall below 154.5
On the 4-hour chart, USDJPY encountered resistance and fell back after testing the previous supply zone, and the short-term downside risk is relatively large. At present, the support below USDJPY is around 153.5. If it falls below, it is expected to continue to fall, and the support below is around 153.6. If the market does not break the resistance level of 156.5, maintain the trading idea of rebounding and shorting.
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.