USDJPY Technical Analysis: Key Levels and Potential Scenarios
USDJPY’s downward momentum from 150.88 has extended to a low of 146.47, currently testing the support level at 145.89.
The initial resistance level is located at 147.25. As long as this resistance level remains intact, the downside move is likely to persist. A potential breakdown below the 145.89 support level might trigger further downside movement towards the 144.30 area.
On the upside, a decisive breakout above the resistance level at 147.25 would suggest that consolidation for the downtrend is underway, with the pair potentially encountering resistance around the 148.00 region.