USDJPY – Testing the (2/8) Level

03.05.2024

H4: The currency pair failed to hold within the (3/8 – 5/8) range. The price has continued to decline and is now testing the strength of the (2/8) level. Buyers are currently keeping the price above this level. Against this background, the preferred scenario for today involves a rise in quotes. The intraday target is the four-hour super trend line, while the medium-term target is the main support/resistance level (4/8).

Trading decisions: Buy 153.12, TP 156.25.