USDJPY: Will it continue to fall towards 138.00?
Hello dear friends, This will be an article about a long-term idea for the USDJPY currency pair!
Looking at the analysis chart: Previously, Karina mentioned that the USDJPY pair would complete the XABCD pattern at the 152.00 level, and it happened exactly as predicted.
The XABCD pattern was completed, and this currency pair quickly underwent a correction. The price has dropped and broken several important support levels, along with testing the 34 EMA line.
If the crucial support level at 144.3 is broken by selling pressure, the price will definitely continue to decrease towards the 138.80 area (support level and the region where the 89 EMA operates).
Good luck to all brave traders. Leave your comments below!
Looking at the analysis chart: Previously, Karina mentioned that the USDJPY pair would complete the XABCD pattern at the 152.00 level, and it happened exactly as predicted.
The XABCD pattern was completed, and this currency pair quickly underwent a correction. The price has dropped and broken several important support levels, along with testing the 34 EMA line.
If the crucial support level at 144.3 is broken by selling pressure, the price will definitely continue to decrease towards the 138.80 area (support level and the region where the 89 EMA operates).
Good luck to all brave traders. Leave your comments below!
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.