In the 4-hour timeframe, USD/JPY is displaying a bearish bias, evident by a breakout from consolidations on the downside. Traders might seek to enter selling positions after a correction, typically ranging from 61% to 78%, has been completed, anticipating further downward movement. Monitoring for confirmation of the correction's end could help in timing entry points more effectively amidst the prevailing bearish sentiment.
In the 4-hour timeframe, USD/JPY is displaying a bearish bias, evident by a breakout from consolidations on the downside. Traders might seek to enter selling positions after a correction, typically ranging from 61% to 78%, has been completed, anticipating further downward movement. Monitoring for confirmation of the correction's end could help in timing entry points more effectively amidst the prevailing bearish sentiment.