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Forex Chart Of The Day: USDJPY Will Price Remain Below 131.00?
video The USDJPY pair is currently trading within a bearish channel on the daily time frame. This is an indication that the pair has been in a downtrend for some time and is likely to continue moving lower in the short-term. Price has returned back to the previous lows and resistance of 131.00. This level has been an important resistance level for the pair and if price can stay below this level we could expect price discovery lower to the May 2022 lows of 126.50. However, if the price breaks above this level and bearish channel, it could offer buying opportunities towards 135.00. This would be a sign that the ... (full story)
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- Posted: Jan 24, 2023 10:24pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 902
