TradingAlchemist

USDJPYđź’˛Growth from 113.40âť—

Long
FX:USDJPY   U.S. Dollar / Japanese Yen
USD / JPY four-hour chart. The currency pair came out of the horizontal channel downwards. This is a signal of further development of the downward movement. Therefore, after a slight pullback of the price to the four-hour supertrend line, we are waiting for the resumption of the downward movement and the decline in quotations to the main support / resistance level of 112.50.
Trading solutions: buy 113.40 take profit 114.30

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.