USDJPY – The Currency Pair May Continue to Decline

19.07.2024

H4: The currency pair tested the previously marked target at the main support/resistance level (4/8). Moreover, the price dropped below this level and is now trying to consolidate at the reached levels. Against this backdrop, further downward movement towards the (3/8) level can be expected.

Trading decisions: Sell at 157.05, TP at 154.69.