USDJPY – currency pair is testing resistance

15.03.2024

USD/JPY four-hour chart. The currency pair continued the corrective upward movement, but the price met quite strong resistance in the area formed between the daily supertrend line and the level (6/8). Against this background, today we expect the resumption of the downward movement with the aim of retesting the main support/resistance level (4/8). This scenario will be canceled in case of price consolidation above the level (6/8).

Recommendations: Sell 148.40 TP 147.50