USDJPY: Thoughts and Analysis
Today's focus: USDJPY
Pattern – HL Continuation
Support – 149 - 149.15
Resistance – 151.80 - 149.65
Hi, and thanks for checking out today's update. Today, we are looking at USDJPY on the daily chart.
Today's video asks if USDJPY has further to fall or if we will see buyers continue to find some support from 149- 149.15. For now, price continues to trade below the last fast trend, but we haven't seen a new move back to the next trendline.
Traders will watch this week's FOMC meeting minutes to see if it continues to guide the USD lower as previous data and Fed comments have done.
Good trading.
Pattern – HL Continuation
Support – 149 - 149.15
Resistance – 151.80 - 149.65
Hi, and thanks for checking out today's update. Today, we are looking at USDJPY on the daily chart.
Today's video asks if USDJPY has further to fall or if we will see buyers continue to find some support from 149- 149.15. For now, price continues to trade below the last fast trend, but we haven't seen a new move back to the next trendline.
Traders will watch this week's FOMC meeting minutes to see if it continues to guide the USD lower as previous data and Fed comments have done.
Good trading.
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