USD/JPY Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY is in a strong downtrend and is now testing a critical support floor at 146.00. The pair was rejected hard from the top of its long-term range and has fallen sharply. Indicators confirm the strong selling pressure, though they also hint that the move might be getting overextended. The 146.00 level is now the key.



A decisive break below it would signal a major bearish breakout and further declines. However, if this support floor holds, a bounce back up towards 147.85 is the likely scenario.

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