USDJPY - Apr-23 - D1

The USDJPY pair has been declining in daily timeframe since last week. Based on the fact that the price has increased from 111 to 108. This decline has been with a steep slope and has caused the price to reach its monthly support line. It is very important where the price has hit the support line at 107.92 because it has hit this line 4 times in the past weeks. Price can have 2 reactions. Either supported and grows to the price of 109 or the support line is broken and we see a fall in the price to 105.81



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