FX.co ★ Meacon | USD/JPY

USD/JPY D1 Oh , how many deposits must have been lost due to this growth! I have long welcomed the setting of stops when trading, but recently I would not recommend working with the yen without them at all. Well, or the load on the deposit should be small lots in the hope of these same interventions. Although many may think that the higher we climb, the less likely the yen will be to weaken further or USDJPY to rise. But this could be a mistake when choosing a lot when opening a transaction. What do we have above current prices? The range scrutinize the intricacies of price movements. Within this framework, the downward trajectory of the candles paints a vivid picture of market dynamics, with each downward movement reinforcing the prevailing bearish sentiment. This sustained downward momentum underscores the overarching trend within the

159.700-160.16 (by the way, rumors have recently spread that the yen may well reach 160 in its growth/fall), the level is 161.80, and then the zone is 166.75-167.35. But at the same time, I repeat that if there is growth in the next few days, I don’t expect it to go much above 158.70, but again, if you cut it, then be sure to use a stop.146.5 is undoubtedly good, but to get there you need to go through the zones 154.23-154.33 and 153.0-153.13 - these are the nearest correction targets.It closed above 154.789. Therefore, on Friday I gave priority to growth towards resistance 156.566. On Friday, the whole day also passed with growth, the price reached the resistance of 158.390. I haven’t tested this resistance, so on Monday I will also give priority to growth to resistance 160.213. At a minimum, I think that the resistance at 158.390 will be tested as a maximum and that the price will close above this level.