USDJPY Technical Analysis:
The trend structure on the four-hour chart is bearish.
The trend is correcting (upward movement) due to the formation of a bottom at 146.53. From the buyers' perspective, if the resistance at 151.17 is broken, it can reach the next resistance at 154.86. From the sellers' perspective, as long as the resistance at 151.17 holds, it can prevent price growth and pull the price down to the bottom at 146.53.
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Disclaimer
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.