USDJPY Analysis

Potential Pullback Before Bearish Continuation

USDJPY is currently in a downtrend, respecting the descending trendline.

Price is approaching a key supply zone (151.00 - 151.50), where a potential reversal may occur.

A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this level, we could see a drop towards 148.00 - 147.00.

Bias: Bearish
Key Levels:
📉 Resistance: 151.00 - 151.50 (Supply Zone)
📉 Target: 148.00 - 147.00 (Potential Downside)

Watch for rejection patterns in the supply zone before entering shorts.

What’s your outlook? Drop your thoughts below!