USDJPY – Awaiting Price at Level (4/8)

17.05.2024

H4: The currency pair has resumed its upward movement. Currently, the price is above the four-hour and daily supertrend lines. Against this backdrop, further development of the upward movement towards the main support/resistance level (4/8) is expected within the day. The further direction of movement will depend on the price’s reaction to this level.

Trading Decisions: Buy at 155.20, TP at 156.50.