USD/JPY Approaches Critical Resistance
The USD/JPY pair is currently trading at 151.636, marking a modest gain of +0.06%. The price remains within a descending channel, signaling medium-term bearish momentum. Recent movements suggest the pair is approaching a key resistance zone that could determine its next significant move.
The 153.00–153.50 range serves as a critical resistance level. A rejection at this zone would likely reinforce the bearish trend, aligning with the descending channel's structure. This area will be pivotal in deciding whether USD/JPY resumes its downward path or attempts a breakout.
The 153.00–153.50 range serves as a critical resistance level. A rejection at this zone would likely reinforce the bearish trend, aligning with the descending channel's structure. This area will be pivotal in deciding whether USD/JPY resumes its downward path or attempts a breakout.
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