Arazmajeed

USDJPY 4H : Still support decline

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
USDJPY

New forecast

The price perfectly fulfills my last idea and we get about + 60 pip .

The USD/JPY pair made an attempt to break the 148.35 level, but was unable to stabilize below it, fluctuating around 148.70, waiting for the price to be stimulated to complete the formation of the double top pattern and then resume the expected downward trend in the intraday term, whose next main target is located at 147.87 and 147.59.

From here, our expectations for the downward trend will remain valid and effective, recalling the importance of stability below 149.24 for the expected decline to continue.

The expect range trading for today it will between resistance line 149.24 and support line 148.35 .

Additionally ,Today News will affect the market .

support line : 148.35 , 147.87
resistance line : 148.89 , 149.24

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