U.S. Dollar / Japanese Yen
Short
Updated

USDJPY Faces Bearish Pressure below Pivot

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USDJPY

The price is under bearish pressure after failing to break the pivot line at 150.99 and dropping below it. As long as the price stays below 150.99, it looks to continue the bearish trend, with a target of 149.93. If it breaks this level, it could continue downward toward 148.40.

To shift to a bullish trend, the price needs to break above 151.00, targeting 151.79.

Key Levels:
Pivot: 150.99
Resistance: 151.79, 153.27
Support: 149.92, 148.40
Trade active
USD/JPY – Bearish Momentum Continues

As mentioned earlier, USDJPY has broken below 149.92, confirming a bearish momentum. The pair is now expected to head toward the next support levels at 148.40 and 147.83.

For now, price is consolidating between 149.92 and 148.40. A break from this range will guide the next move.

Pivot Level: 149.20
Supports: 148.40 – 147.83 – 146.34
Resistances: 149.92 – 150.99 – 151.79

Direction: Downward movement.

snapshot

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