USDJPY: Important Supply Zone Ahead 🇺🇸🇯🇵

٧ أغسطس ٢٠٢٤

https://www.tradingview.com/x/wAsR3X4f/

With a recent selloff, USDJPY violated 2 significant structures:
a major rising trend line and a key horizontal support on a daily.

The broken structures compose an expanding supply zone now.
I think that the market can initiate a bearish movement from that.

With a high probability, a fall will continue and the pair will reach 142.0 level.

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