USD/JPY: Potential Break and Yen Strengthening Ahead
Hello everyone!
The USD/JPY exchange rate has dropped below the daily MA200 level and is currently testing support at 150.150. However, this support level does not appear to be strong enough and is likely to be broken soon, which would pave the way for further Yen strengthening towards 149.30 and more likely to 147.00.
The most significant resistance level in this scenario is at 147.00, as it coincides with the 0.618 Fibonacci support level and the weekly MA100 level. These technical factors suggest that if the price breaks lower, the Yen could gain significant momentum.
#USDJPY #ForexAnalysis #YenStrength #ForexTrading #TechnicalAnalysis #Fibonacci #SupportResistance #ForexSignals #MarketUpdate
The USD/JPY exchange rate has dropped below the daily MA200 level and is currently testing support at 150.150. However, this support level does not appear to be strong enough and is likely to be broken soon, which would pave the way for further Yen strengthening towards 149.30 and more likely to 147.00.
The most significant resistance level in this scenario is at 147.00, as it coincides with the 0.618 Fibonacci support level and the weekly MA100 level. These technical factors suggest that if the price breaks lower, the Yen could gain significant momentum.
#USDJPY #ForexAnalysis #YenStrength #ForexTrading #TechnicalAnalysis #Fibonacci #SupportResistance #ForexSignals #MarketUpdate
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.