Forex

USD/JPY may fall 79 - 139 pips

2024-08-07

Pivot

145.45

Our preference

Short positions below 145.45 with targets at 143.70 & 143.10 in extension.

Alternative scenario

Above 145.45 look for further upside with 146.35 & 147.00 as targets.

Comment

The RSI advocates for further downside.

Supports and resistances

147.00

146.35

145.45

144.49 Last

143.70

143.10

142.50

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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