USDJPY - BREAKING STRAIGHT CHANNEL - 4H
USDJPY / 4H TIME FRAME
HELLO TRADERS
overall , under downward pressure , until trading below straight channel
Currently, prices are trading below the straight trend channel, indicating downward pressure. As long as prices remain below this channel, a decline is expected, potentially reaching 138.810. If prices fall further, they may approach 137.306.
Conversely, if prices break above the 142.232 level, it could signal a reversal in trend, leading to a rise. In this scenario, prices might reach 144.401 and, if the upward momentum continues, could potentially rise to 147.179.
UPWARD TARGET : 144.401 , 147.179.
DOWNWARD TARGET : 138.810 , 137.306.
HELLO TRADERS
overall , under downward pressure , until trading below straight channel
Currently, prices are trading below the straight trend channel, indicating downward pressure. As long as prices remain below this channel, a decline is expected, potentially reaching 138.810. If prices fall further, they may approach 137.306.
Conversely, if prices break above the 142.232 level, it could signal a reversal in trend, leading to a rise. In this scenario, prices might reach 144.401 and, if the upward momentum continues, could potentially rise to 147.179.
UPWARD TARGET : 144.401 , 147.179.
DOWNWARD TARGET : 138.810 , 137.306.
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