The USD/JPY chart has a weak bearish momentum with low confidence, and there’s a potential scenario of a bearish move towards the 1st support at 144.94, which aligns with an overlap support. On the resistance side, the 1st resistance at 150.13 is a multi-swing high resistance, and beyond that, the 2nd resistance at 152.72 is a swing high resistance, coinciding with the 100% Fibonacci Projection.
The material has been provided by InstaForex Company – www.instaforex.com
The USD/JPY chart has a weak bearish momentum with low confidence, and there’s a potential scenario of a bearish move towards the 1st support at 144.94, which aligns with an overlap support. On the resistance side, the 1st resistance at 150.13 is a multi-swing high resistance, and beyond that, the 2nd resistance at 152.72 is a swing high resistance, coinciding with the 100% Fibonacci Projection.
The material has been provided by InstaForex Company – www.instaforex.com
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