USDJPY: Bears still have the upper hand
Updated
Hello everyone!
Currently, USDJPY is moving below the support level of 152.00 after a false breakout earlier (as mentioned on the 1D chart). The pair is currently struggling to hold the psychological level of 150.00, with the aim of retesting the breakout zone before falling further.
Accordingly, the bearish outlook for today is further boosted, in case the trend line is not violated yet.
Currently, USDJPY is moving below the support level of 152.00 after a false breakout earlier (as mentioned on the 1D chart). The pair is currently struggling to hold the psychological level of 150.00, with the aim of retesting the breakout zone before falling further.
Accordingly, the bearish outlook for today is further boosted, in case the trend line is not violated yet.
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