USDJPY – Murray Levels Redrawn

28.06.2024

H4: The currency pair has broken above the upper boundary of the overbought zone (+2/8). As a result, we observe a redraw of the Murray levels on the chart. Currently, the price is at the reversal level (7/8), while holding above the four-hour supertrend line. Against this backdrop, the scenario prioritized remains the one with an upward price movement.

Trading Decision: Buy at 160.40, TP 162.00.