From TradingView · · 30s
USD/JPY Bearish Setup Target 156.11
USD/JPY breaks below 0.618 support, targeting 156.11.
In brief
USD/JPY breaks below 0.618 support, targeting 156.11. USD/JPY price broke below 0.618 support, aiming for 156.11 as the next target. Originally reported by TradingView.
USD/JPY Breakdown
USD/JPY price broke below 0.618 support arc, confirming a bearish breakdown within the current arc cycle.
Target Level
The market now navigates toward the next support arc at 0.786, with 156.11 as the primary target.
Invalidation Scenario
A sustained 4h close above 156.86 would invalidate the breakdown scenario and shift the outlook back toward 0.618 arc.
In short
USD/JPY price broke below 0.618 support, aiming for 156.11 as the next target.
