Apr 16, 2025
Trade ideas
The USDJPY pair is moving within a bearish trend, currently forming a descending triangle pattern.
The price is retesting the 142.50 support area, so a break below it will be a strong short signal.
If the price breaks below the 142.50, USDJPY will decline toward the 141.00 support level.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
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