USD/JPY drops sharply, has the potential to increase?
Looking at the technical picture of USD/JPY on the 4-hour chart, we can clearly see that this pair is trading around 147.30 and has momentum to return to the expected short-term bearish support line.
_Given that the trend line remains intact as a rule, we must stick to the script and aim lower. That means we will follow that plan. If we clearly see a strong rejection near that trendline. If that happens, it is likely to reach 148.50, the highest level of the month and maintain in a narrow trend before new information is released.
_Given that the trend line remains intact as a rule, we must stick to the script and aim lower. That means we will follow that plan. If we clearly see a strong rejection near that trendline. If that happens, it is likely to reach 148.50, the highest level of the month and maintain in a narrow trend before new information is released.
Commento:
USD/JPY is moving according to the chart indicator.
Commento:
good luck
