Note: This section contains information in English only.USD/JPY has experienced a violent, bearish rejection at the major psychological resistance level of 160.0000. This single, high-volatility 1-hour candle has completely erased the previous two days of steady gains, breaking cleanly below the immediate 159.7500 pivot zone and aggressively piercing the upward-sloping 48-period Simple Moving Average. While the long lower wick indicates that some buying liquidity is being tapped below the current price of 159.639, a decisive close below the 48 SMA would shift short-term control entirely to the bears, opening the path for a further downside extension toward structural support at 159.3000 and potentially the major range base at 159.1000.
Further elevation in volatility may occur, as discussed in one of our recent outlooks.
Wed, 03 Jun 2026 08:41:50 GMT
Source: Dukascopy Bank SA
Further elevation in volatility may occur, as discussed in one of our recent outlooks.