Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs, Monday August 26, 2024.

If we look at the 4-hour chart, the main currency pair USD/JPY appears to be trying to test the 143.91 level. If it is successfully broken, the Bullish Orderblock level of 142.98 will be the next target to be targeted. However, if 142.98 fails to be touched and tested by USD/JPY, there is the potential for this main currency to strengthen again, especially if it successfully breaks above the 145.50 level, then USD/JPY will continue to strengthen to the 146.54 level. If this level is also successfully broken, then 148.61 will be the main target to be targeted and if momentum and volatility support, then 149.89 will be the next target.

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