USDJPY – Awaiting retest of the (6/8) level

05.04.2024

H4: The currency pair broke out of the sideways trend downward, but the price found support at the daily supertrend line. Against this backdrop, today’s priority scenario considers a rise in quotations and a retest of the resistance at the (6/8) level. At the same time, an increase in price above the local maximum cannot be ruled out. This scenario is considered a priority for today.

Trading decisions: Buy at 151.00, TP at 151.85.