From TradingView · · 30s
USDJPY | Exhaustion Into Resistance
USDJPY shows exhaustion before resistance as traders watch for retracement.
In brief
USDJPY shows exhaustion before resistance as traders watch for retracement. USDJPY may retreat after breaking resistance as traders monitor for bearish confirmation. Originally reported by TradingView.
USDJPY resistance zone
USDJPY has printed aggressive bullish expansion into higher-timeframe resistance area.
Bearish targets
Target 1: 158.531, Target 2: 158.342, Target 3: 158.003.
Key observation
Price expanded significantly away from equilibrium with resistance zone overhead.
What to remember
USDJPY may retreat after breaking resistance as traders monitor for bearish confirmation.
