USDJPY – The Pair Continues to Hold Below the (7/8) Level

19.04.2024

H4: The currency pair continues to hold below the reversal level (7/8). Against this backdrop, the priority scenario remains working on a reversal pattern, in which the next target for the price becomes the main support/resistance level (4/8). However, this is more of a long-term target. In the short term, a decline to the line of the daily super trend can be expected.

Trading Decisions: Sell at 154.65, TP at 153.10.