USDJPY Analysis on H1 Timeframe - December 6, 2023

- The primary structure of USDJPY is decreasing.

- USDJPY is currently in an upward zigzag, with a potential price target likely to touch a strong resistance at 147.951. At this level, there are signs of rejection, and if selling pressure comes into play, one can consider initiating a short position.

- Due to the ongoing downtrend in USDJPY, buying is not a preferred option."
Harmonic PatternsTrend AnalysisUSDJPYWave Analysis

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