USDJPY Ok, so what now? Price reached the 0.75 of the active bearish range. For now, it’s hovering and building a solid structure. On the micro, before tapping 146.411, there was no structure — now, by closing below 146.411, we’ve got a small bullish internal range forming, but it’s key for what comes next.
The area of interest is the blue zone marked — price will likely aim for that, as it stands as the current support of this range. Any clean break and close below 145.963? That’s a strong confirmation of a momentum shift.
So for now, expect a retrace into the blue zone. From there? Well, price will let us know — we’re not fortune tellers here, just observers.
USDJPY this section is so funny. same people calling 148.5 yesterday now changing their minds and saying this is going fall for the rest of the week. This minds section is truly entertaining. 🤣