Home Analysis Forex USDJPY -USDJPY

USDJPY -USDJPY

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USDJPY -USDJPY
USDJPY 2023 05 03 10 53 27

After rising by more than 700 points after the purchasing conditions were met, the dollar yen reached the supply area, bounced from it in a downward wave, then reached the demand area, which had a purchasing opportunity, and also rose from it by more than 400 points towards the supply area again. In the meantime, the price is concentrated in the supply area, from which a bearish rebound is expected, and we must look for the formation of selling opportunities, perhaps on the smaller frims.

Good luck dear brothers

Your brother Ahmed