USDJPY isn't looking strong at the moment.Upside potential exists only if price reclaims and holds the highlighted support level. The stop-loss zone marked in green could act as a deviation — if that's the case, price must hold above it to confirm bullish intent. A clean break and hold above this level would trigger a long setup for me, with a target around 150. Otherwise, I'm leaning bearish, expecting a further leg down toward 127.
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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.