USDJPY – The Currency Pair Tested Support at Level (4/8)

31.05.2024

H4: The currency pair tested support at level (4/8). The reaction was positive, and the price rebounded upwards. Given this backdrop, the scenario of rising quotations remains the priority. The intraday target is level (6/8), while the medium-term target remains the main resistance level (8/8).

Trading decisions: Buy at 156.60, TP at 159.38.