USDJPY – Currency Pair Recovers After a Drop

12.07.2024

H4: The currency pair showed a strong decline yesterday. The price tested support at the weekly super trend line and rebounded significantly. Against this backdrop, today the priority scenario is a corrective rise in quotes towards the four-hour super trend line. The further direction of price movement will depend on the results of testing this level.

Trading decisions: Buy at 158.98, TP 160.00.