Analysis of the dollar-yen and New expected selling zones

Best Medium-Term Selling Areas for the USD/JPY

 

The USD/JPY is moving in a relatively bullish trend on the daily chart.

The pair has rebounded from daily supply zones in a strong corrective wave.

The pair has established new supply zones during the correction

 process on both the daily and 4-hour charts.

If the pair rises to the new supply zones,

overlapping on the 4-hour chart at 150.20, 

it is expected to drop again to the specified targets at 149.40 and 148.50.

The analysis failed to break and close above the specified supply zones,

specifically, a close above the 150.92 level.

The zone is strong, but caution is advised during selling.

Please pay attention to proper capital management.