USDJPY – Waiting for Price at the (4/8) Level

16.08.2024

H4: The currency pair has broken out of a narrow range upwards. Currently, the pair is testing resistance at the daily supertrend line. If this level is breached, we will see an attempt to consolidate above the main support/resistance level (4/8). It is important to note that this is the strongest level in the system.

Trading decisions: Buy 148.70, TP 150.00.