JPYTHB – 1H Technical Analysis

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JPYTHB – 1H Technical AnalysisJAPANESE YEN / THAI BAHTFX_IDC:JPYTHBYES_GroupJPYTHB is showing a bearish bias after failing to sustain the recent rebound. Price remains below the key longer-term moving average, while the short-term momentum has started to weaken again. The 0.2054 level is acting as an important resistance zone. As long as price remains below this level, the downside pressure is likely to continue. A break below the recent support area could open the way toward the next downside target at 0.2049. Key Levels: Resistance: 0.2054 Downside Target: 0.2049 Bias: Bearish below 0.2054.