USDJPY remains under bearish pressure as price continues to be rejected at the descending trendline resistance. The 145.000–145.100 zone acts as a strong resistance area where price has repeatedly reversed.
The recent upward move appears to be a weak pullback, lacking the momentum to break the previous bearish structure. If price continues to be rejected at this zone, a likely correction towards the 142.100 support area is expected.
The recent upward move appears to be a weak pullback, lacking the momentum to break the previous bearish structure. If price continues to be rejected at this zone, a likely correction towards the 142.100 support area is expected.
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⚡ Fast updates – Never miss a golden entry
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.