USDJPY: bearish signal
Updated
The USD/JPY pair has reached a pullback at the 145.00 level in early Monday's Asian trading session. Despite the decline of the US Dollar, this currency pair has managed to recover. The market is expected to have a quiet session due to the US bank holiday.
However, when considering the technical trends and prospects: USDJPY has just broken the upward trendline and is currently in a corrective wave with a significant resistance level set at 145.500.
From a personal perspective, I believe that if the support level of 144.800 is broken, the bearish side will have an advantage in pushing this pair back to the 143.500 level
However, when considering the technical trends and prospects: USDJPY has just broken the upward trendline and is currently in a corrective wave with a significant resistance level set at 145.500.
From a personal perspective, I believe that if the support level of 144.800 is broken, the bearish side will have an advantage in pushing this pair back to the 143.500 level
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