USDJPY – Currency Pair Holds Below the (4/8) Level

07.06.2024

H4: The currency pair tested the (2/8) level. Currently, a corrective upward movement is developing from this mark, but the price is now near the main support/resistance level (4/8). Against this background, the priority scenario is the resumption of the downward movement. Within the day, we expect a retest of the (6/8) level.

Trading decisions: Sell 156.25, TP 153.13.