USDJPY is trying to test the demand area as shown in the chart.If the price penetrates this area and closes past the demand, the price has the potential to continue declining to the next demand area.Or if it doesn't manage to penetrate that area, the price has the potential to go back looking for the nearest supply.
💡Key To Watch
*Area 129.5 - 130.4
*Supply Area 133.5 - 134.5
if the price manages to pass through that area, the price has the potential to continue declining looking for further demand. if the price is not successful, the price will pull back looking for the nearest supply
💡Key To Watch
*Area 129.5 - 130.4
*Supply Area 133.5 - 134.5
if the price manages to pass through that area, the price has the potential to continue declining looking for further demand. if the price is not successful, the price will pull back looking for the nearest supply