FenzoFx—USD/JPY is testing the support at 146.6. This level is backed by anchored VWAP and the descending trendline.
From a technical perspective, the downtrend should resume if this level holds. In this scenario, the next bearish target could be 145.7. Furthermore, if the selling pressure exceeds this level, the price could fall toward the support at 144.1.
From a technical perspective, the downtrend should resume if this level holds. In this scenario, the next bearish target could be 145.7. Furthermore, if the selling pressure exceeds this level, the price could fall toward the support at 144.1.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.