USDJPY: Shocking discount
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Hello everyone, do you think the USDJPY will continue its downward trend?
This pair is currently on a steep decline, trading at 149.72, and shows no signs of cooling off. It has broken through several critical support levels and is momentarily pausing its descent as it approaches a strong support level at its current price.
A brief recovery might be on the horizon, but it's expected to be short-lived, with the selling pressure soon taking over again to push the pair to even lower levels, as indicated by the directional arrows.
Do you agree with this analysis? Share your thoughts below!
This pair is currently on a steep decline, trading at 149.72, and shows no signs of cooling off. It has broken through several critical support levels and is momentarily pausing its descent as it approaches a strong support level at its current price.
A brief recovery might be on the horizon, but it's expected to be short-lived, with the selling pressure soon taking over again to push the pair to even lower levels, as indicated by the directional arrows.
Do you agree with this analysis? Share your thoughts below!
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