USDJPY faced some challenges when trying to overcome the resistance of 144.00. Especially after yesterday's weak data, USD lost momentum and continued the future development of this currency pair, as you can see from setting 143.50 on a 2 -hour chart.
On the technical chart, although the increasing trend is still supported and the parallel price channel has been broken, the special thing is that there are signs that the potential peak is 143.95. My strategy for today is selling and we will see that USDJPY reaches at least 142.00 again, which will suit the time of EMA testing. What do you think about this?
What do you think about this strategy? Leave your thoughts below!
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