"USD/JPY Potential Downward Movement to Key Support Level"
Updated
USDJPY This USD/JPY daily chart shows the currency pair's price action with trend channels and support/resistance levels. Key elements include:
- Current Price: 159.052 JPY
- Resistance: ~159.125 JPY
- Support: Projected at 142.538 JPY by July 2024
- Trend Channels: Indicated by blue and black lines, showing possible price movement zones.
- Downward Projection: Suggests a potential decline to 142.538 JPY.
Technical analysis tools like pitchforks and channel analysis highlight significant price levels and trends. This helps anticipate future price movements based on historical data.
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Trade active
Trade active
I SOLD 160.655 STOP LOSE 161
TP1 155
TP2 145
TP 3 137
Note
6M 
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