USDJPY – Currency Pair Remains Under Pressure

26.07.2024

H4: The currency pair showed a good corrective rebound and managed to rise above the (2/8) level, but the price encountered strong resistance at the four-hour supertrend line. This line may have a significant impact on the price as the trend movement develops. In this context, the priority scenario is a price decline from the current levels.

Trading decisions: Sell at 153.85, TP at 152.00.