Relevance up to 09:00 2022-08-18 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
USD/JPY:
The chart shows the movement of USD/JPY in the four-hour (H4) chart. Comparing the recent movement to that of July 16, July 27 and August 4's, it is clear that the pair is in protracted correction, which will end when the quotes reach the resistance level of Y135.00 per $1. A breakdown of the resistance level will cancel the trend reversal. Good luck!
Read more: https://www.instaforex.eu/forex_analysis/319138
