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Bearish Momentum Expected
U.S. Dollar / Japanese Yen
Bearish Momentum Expected
By SpicyPips
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Jan 15
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Price rejected from 158.409, forming a potential downward setup. The target near the 151.746 support, the risk-to-reward ratio is favorable at 3.15.
Confirmation of bearish momentum may drive price toward the lower support, aligning with the RSI showing a loss of bullish strength.
Keep an eye on the 156.108 support as an intermediate level before the final target. Trade cautiously! 🚀
Support and Resistance
SpicyPips
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