18/04/2024
USDJPY HIGH 154.406 LOW 153.949 BID 154.290 ASK 154.295 CHANGE 0% TIME 09:00:57

OUTLOOK SUMMARY

Down

TREND CONDITION

Downward
penetration

TRADERS SENTIMENT

Bearish

IMPLIED VOLATILITY

Medium

Upwards scenario: Possible surge higher the resistive measure at 154.62 (R1) is liable to activate recovery phase from the initial bearish setup. In such scenario we would suggest next target zone from 155.00 (R2) onto 155.38 (R3) price levels. Downwards scenario: Though, possibility of downwards extension remains high on the bigger picture. If the price manages to clear an important technical barrier at 153.94 (S1), we do expect an exposure of our lower targets 153.67 (S2) and 153.18 (S3) later on today.

Resistance Levels: 154.62, 155.00, 155.38

Support Levels: 153.94, 153.67, 153.18