USDJPY – The Currency Pair Tests the (4/8) Level

26.04.2024

H4: After a redraw of the Murray levels, the currency pair continued its upward movement and is now attempting to consolidate above the main support/resistance level (4/8). It should be noted that this is the strongest level in the system, and the price rarely passes it very easily. Against this background, today we expect stabilization of the price movement around the main support/resistance level (4/8).

Trading Decisions: Buy at 155.60, TP at 157.00.