Strong resistance, price adjusts down

✍️ NOVA hello everyone, Let's comment on USD/JPY price next week from 25-30/9/23

🔥 World situation:
The trading week is coming to a close, and the USD/JPY is expected to end just below 148.50, having reached a high of 148.40 earlier in the day as the US Dollar (USD) responds to a varied Purchasing Manager Index (PMI) reading by covering its bids.

On Friday, the Bank of Japan (BoJ) decided to maintain its main policy rate's lower band at -0.1%, which has dampened some of the positive momentum for the Yen (JPY).

🔥 Identify:
The price is approaching the strong resistance zone, the possibility of a downward correction is very large, SELL NOW

🔥 Technically:
Based on the resistance and support areas of the USD/ JPY price according to the D1 frame, NOVA identifies the important key areas as follows:

Resistance:150.900
Support :144.900; 141.900; 137.000


🔥 NOTE:
Note: Nova wishes traders to manage their capital well
- take the number of lots that match your capital
- Takeprofit equal to 4-6% of capital account
- Stoplose equal to 2-3% of capital account
- The winner is the one who sticks with the market the longest