USD/JPY mark: 113.930
Forecast: Down
H4 Key points:
Resistance: 114.300
1st support: 113.000
Floor: 111.740
Consolidation area: between Resistance & 1st Support above
Price is trying to break the resistance line (for the 3rd time) but it was not well succeeded and, in my opinion, it will not be. Cross is showing that has not enough strengh to keep upside path and is starting going down until the fisrt support around 113.000 (blue line).
Forecast: Down
H4 Key points:
Resistance: 114.300
1st support: 113.000
Floor: 111.740
Consolidation area: between Resistance & 1st Support above
Price is trying to break the resistance line (for the 3rd time) but it was not well succeeded and, in my opinion, it will not be. Cross is showing that has not enough strengh to keep upside path and is starting going down until the fisrt support around 113.000 (blue line).