USD/JPY WANT SELLING AT 157.20
USD/JPY Analysis and Forecast
The USD/JPY pair has shown a clear rejection at its resistance area of 158.00, signaling potential bearish momentum. This level now positions itself as a strong selling zone for traders looking to capitalize on the downtrend.
Technical Outlook
Resistance: 158.00
Support Levels: 156.00 (key support), with further potential downside targets at 153.50 and 152.00.
If the pair continues to hold below the 158.00 resistance, sellers may gain further control, pushing prices towards these technical targets. However, traders should keep an eye on the 156.00 support line, as a break below this level could confirm stronger bearish sentiment.
The USD/JPY pair has shown a clear rejection at its resistance area of 158.00, signaling potential bearish momentum. This level now positions itself as a strong selling zone for traders looking to capitalize on the downtrend.
Technical Outlook
Resistance: 158.00
Support Levels: 156.00 (key support), with further potential downside targets at 153.50 and 152.00.
If the pair continues to hold below the 158.00 resistance, sellers may gain further control, pushing prices towards these technical targets. However, traders should keep an eye on the 156.00 support line, as a break below this level could confirm stronger bearish sentiment.
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For Best Signals Join Us Now
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