USDJPY WANT SELLING ZONE AT 156.50📉 USD/JPY Analysis & Forecast - H4 Time Frame
💴 Technical Overview:
Trend Reversal: USD/JPY has broken down from its upside trend, signaling a potential shift in market sentiment.
EMA Crossovers: Price has crossed below both the 50 EMA and 200 EMA, confirming bearish momentum and creating a favorable environment for sell entries.
Key Levels:
Support Zone: 156.30
Resistance Zone: 158.00
🔻 Forecast:
Technical Targets:
First Target: 153.50
Second Target: 151.00
The breakdown and EMA crossovers align with the bearish outlook, with the price likely aiming for these targets in the short to medium term.