FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

The usd/jpy performed quite well yesterday. The levels have been strongly bearish for the second day, and today marks the third day with a high probability of the downtrend continuation following the red scenario. However, it's important to note that yesterday we didn't reach the key zone, and its level at 148.40 could now attract price action. Additionally, today's level at 147.60 might also influence price movement. Therefore, this blue scenario should be considered as a realistic possibility. It could start either from 146.51, where today's daily balance is located, or even lower to break below yesterday's low.