USD/JPY is following a strong downtrend line, respecting the bearish momentum. Wait for a proper support line breakdown before entering trades for maximum confirmation. π
π Technical Analysis:
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π Strong Downtrend β Price is consistently respecting the trendline
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π Support Line Breakdown β Key confirmation for further downside
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π EMA 200 β Acting as a dynamic resistance level
π― Technical Target Levels:
π 147.20 β First bearish target
π 142.00 β Final extended target
π’ Trading Strategy
πΉ Wait for a confirmed breakdown before entering trades
πΉ Ensure strong bearish momentum & volume for validation
πΉ Follow the trend & manage risk with a proper stop-loss above resistance
π The setup is aligningβstay patient, follow the trend, and capitalize on the move! π°π₯
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