USD/JPY Braces for a Major Turnaround from the Fed
USD/JPY is in a tense phase as it trades at 142.48, close to the key descending resistance line.
After failing to break through the 143.569 resistance level, the pair is sliding down, like a car rolling downhill, aiming for 141.269. But is this the final stop?
If USD/JPY cannot hold at 141.269, we might witness a further drop, potentially sliding down to the deeper support level at 139.786.
With the market heating up ahead of the Fed meeting, uncertainty is on the rise. Traders are holding their breath — will the upcoming Fed meeting provide a push to lift this pair, or will it intensify the downward trend? Get ready for some potential market "shocks"!
After failing to break through the 143.569 resistance level, the pair is sliding down, like a car rolling downhill, aiming for 141.269. But is this the final stop?
If USD/JPY cannot hold at 141.269, we might witness a further drop, potentially sliding down to the deeper support level at 139.786.
With the market heating up ahead of the Fed meeting, uncertainty is on the rise. Traders are holding their breath — will the upcoming Fed meeting provide a push to lift this pair, or will it intensify the downward trend? Get ready for some potential market "shocks"!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.