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Trader Journals:::2025-07-02T07:23:59

USD/JPY

USD/JPY Technical analysis H-4 Chart

USD/JPY

The USD/JPY pair has reached the level of 143.74 (Murray 4.8). It is currently acting as resistance, reinforced by the Kijun H4 line. According to the Goldman Sachs forecast, the pair is expected to continue its downward movement. The bank's experts believe that a further decline in the dollar will primarily affect the euro and the yen. On the Japanese side, the foundation is shaky. Ueda refrained from commenting on trade negotiations with the United States and noted that the current rate is still below the neutral level. I don’t think that the US employment data (ADP) will lead to a serious breakout; however, it is possible that the pair could break through to both the support level of 142.18 (Murray 3.8) and the level of 145.32 (Murray 5.8), but neither of these will be indicative, and it is unlikely that, based on these possible speculative manipulations, it will be possible to judge the promising direction of movement. On this major, the decline continued, and the pair even tested strong support at 142.80, which I voiced as a possible benchmark for entering into a purchase after its test. But at that moment, USD/JPY was falling so rapidly that I did not dare to go against such moods to buy. But here, as they say, a mistake occurred; the price formed a local minimum at 142.68, after which the growth resumed. Now it does not matter at all; a reliable purchase has been missed, and now a long time no longer looks attractive.
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