From TradingView · · 40s
USDJPY Technical Analysis
USDJPY shows bearish momentum with key price levels for traders.
In brief
USDJPY shows bearish momentum with key price levels for traders. USDJPY trades below 155.30 pivot level with potential decline to 154.50 or rise to 156.00. Originally reported by TradingView.
Current Technical Setup
USDJPY trades below 155.30 pivot level with sellers maintaining control.
Bearish Scenario
Below 155.30, prices could fall to 154.50 and then 154.00.
Bullish Scenario
Above 155.30 with confirmed 1-hour candle close, prices may rise to 156.00.
Resistance Levels
156.00 and 156.58 act as key resistance points for USDJPY.
Support Levels
154.50 and 154.00 provide support for USDJPY if prices fall.
The takeaway
USDJPY trades below 155.30 pivot level with potential decline to 154.50 or rise to 156.00.
