USDJPY Analysis on H4 Chart 14/9/2023
USDJPY is in an uptrend structure, moving within an ascending price channel.
There is strong resistance at 148.6xx, which provides a good opportunity for a sell entry. If there is resistance rejection preventing further price increase at this level, we should consider taking a short position.
On the contrary, if the price retraces, there is a possibility of returning to the support area around 146.200.
There is strong resistance at 148.6xx, which provides a good opportunity for a sell entry. If there is resistance rejection preventing further price increase at this level, we should consider taking a short position.
On the contrary, if the price retraces, there is a possibility of returning to the support area around 146.200.