USD/JPY Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY has experienced an aggressive, sudden bearish breakdown after peaking near the resistance level of 162.750. The most recent hourly candle features a massive downward flash, plunging through multiple levels to a low of 161.119 before finding sharp intraday buying pressure or profit-taking that pulled the price back up to its current level of 161.811.





This massive spike down and subsequent partial recovery has left a long lower wick, indicating high volatility and a potential test of the support zone around 161.85. If the price fails to reclaim and stabilize above the 161.850 level, the immediate bias remains heavily weighted to the downside, bringing the next key structural support levels at 161.500 and 160.500 into focus for traders.

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