💡The analysis shown in the chart displays technical analysis of the USDJPY currency pair on a 4-hour frame. The USDJPY pair is moving within an upward channel on the 4-hour frame. The price is currently close to the pivot point (P.P); If it crosses above, it may target the first resistance (R.1) and beyond it the second resistance (R.2). Conversely, if the trend reverses downward, the price may head towards the support level (S.1). The MACD indicator is showing buying momentum, supporting the upside potential in the short term.
⛔️It is not investment advice, for educational purposes only.
⛔️It is not investment advice, for educational purposes only.
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.