USD JPY Trading Ideas: Bearishness Prevails!
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Dear friends, USDJPY experienced a price increase yesterday, but quickly saw a decline and is currently trading around the level of 149.12. The upward momentum is still limited below the resistance level of 150.00.
It is speculated that the Fed has completed its interest rate hikes in order to curb the recent recovery of the USD and contribute to its decline. In that case, the target for USJPY would be a decrease towards the support level of 148.400, followed by the support level of 146.500 USD, while also testing the EMA 89 line.
It is speculated that the Fed has completed its interest rate hikes in order to curb the recent recovery of the USD and contribute to its decline. In that case, the target for USJPY would be a decrease towards the support level of 148.400, followed by the support level of 146.500 USD, while also testing the EMA 89 line.
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