USDJPY: overwhelming downward force
Hello dear friends.
Today, USDJPY has not escaped the downtrend, the price quickly plummeted last week and continued until today. Currently this pair is trading at 148.18 USD and is increasingly far away from 150.00.
It can be seen that USDJPY is limited in its upward momentum as the USD has difficulty finding opportunities to return.
On the 1D analysis chart:
The uptrend ended with a retest of usdjpy's 34 EMA. The current support level is at 147.700, a breach of this level will accelerate the pair's decline towards another support level below 144.70
Today, USDJPY has not escaped the downtrend, the price quickly plummeted last week and continued until today. Currently this pair is trading at 148.18 USD and is increasingly far away from 150.00.
It can be seen that USDJPY is limited in its upward momentum as the USD has difficulty finding opportunities to return.
On the 1D analysis chart:
The uptrend ended with a retest of usdjpy's 34 EMA. The current support level is at 147.700, a breach of this level will accelerate the pair's decline towards another support level below 144.70
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