USD/JPY Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
The FX pair recently tested and rejected the resistance level at 149.000, indicating strong selling pressure at that zone. Following the rejection, the price began a gradual decline, moving towards the 143.000 support area. This support zone is a key level to watch, as it could determine the next directional move. If the 143.000 support level holds, it may act as a base for a potential reversal, leading to renewed buying interest and a possible rally back toward the 149.000 resistance level. This scenario would suggest that buyers are stepping in to defend the support, maintaining the broader range-bound market structure. However, if the 143.000 level fails to hold and the pair breaks below it decisively, it could signal continued bearish momentum, opening the path for a further drop toward the next key support around 140.000. A break below 143.000 would likely indicate a shift in sentiment, with sellers gaining greater control and increasing the risk of a deeper correction.



If the 143.000 support level holds, it may act as a base for a potential reversal, leading to renewed buying interest and a possible rally back toward the 149.000 resistance level. This scenario would suggest that buyers are stepping in to defend the support, maintaining the broader range-bound market structure. However, if the 143.000 level fails to hold and the pair breaks below it decisively, it could signal continued bearish momentum, opening the path for a further drop toward the next key support around 140.000. A break below 143.000 would likely indicate a shift in sentiment, with sellers gaining greater control and increasing the risk of a deeper correction.

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