Greetings, traders! What are your thoughts on USDJPY today and its future direction?
Looking at the chart, it's evident that USDJPY's recovery momentum is currently capped below a resistance level, as it appears to be forming a double top pattern.
The current support level stands at 149.888. Should this level be breached and the double top pattern fully materialize, the bearish target would be to drive this currency pair below the specified level, around 149.300.
Looking at the chart, it's evident that USDJPY's recovery momentum is currently capped below a resistance level, as it appears to be forming a double top pattern.
The current support level stands at 149.888. Should this level be breached and the double top pattern fully materialize, the bearish target would be to drive this currency pair below the specified level, around 149.300.
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