USDJPY is showing signs of weakness after rejecting the upper resistance zone near 158.00. Price action inside the rising channel looks exhausted, and sellers are stepping in as momentum slows down.
A breakdown below the current support could trigger a bearish move toward the first target around 157.40, while extended downside pressure may drive price toward the second target near 156.90.
A breakdown below the current support could trigger a bearish move toward the first target around 157.40, while extended downside pressure may drive price toward the second target near 156.90.
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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.