Technical Analysis: (Personal opinion)
USD/JPY failed to break the 134.000 resistance level on the four-hour chart and returned to the 132.794 support level. After a short break at the mentioned support level, it broke the desired level, and became a resistance level, probably in the middle of the day, we will see a drop in the price of the dollar against the Japanese yen.
USD/JPY failed to break the 134.000 resistance level on the four-hour chart and returned to the 132.794 support level. After a short break at the mentioned support level, it broke the desired level, and became a resistance level, probably in the middle of the day, we will see a drop in the price of the dollar against the Japanese yen.
Comment:
The price has entered the supply range of 133.554 and probably in the short term, the downward trend will reach the demand range of 130.985, which is close to the support of 130.402.