USDJPY, H2
On the H2, USDJPY formed a rising channel pattern. The price reached critical resistance and bounced off the upper trend line. In case of further decline, the price may fall to the channel's lower boundary.
- USDJPY may be considered for sell if falling below the support at 157.500 with a target to 156.500;
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Egor Schmidt