USD/JPY Extends Its Bearish Journey
Hello, traders! What are your thoughts on USD/JPY?
The pair continues its prolonged bearish trajectory, currently hovering around 149.411. The weakness and instability of the US dollar have failed to provide support, making USD/JPY even more lackluster compared to its currency counterparts.
From a technical perspective, the bearish momentum has intensified as the previous ascending channel was broken by sellers. A deeper decline is expected, with key downside targets outlined in my analysis.
What about you? Are you anticipating further declines in USD/JPY? Let me know your thoughts!
The pair continues its prolonged bearish trajectory, currently hovering around 149.411. The weakness and instability of the US dollar have failed to provide support, making USD/JPY even more lackluster compared to its currency counterparts.
From a technical perspective, the bearish momentum has intensified as the previous ascending channel was broken by sellers. A deeper decline is expected, with key downside targets outlined in my analysis.
What about you? Are you anticipating further declines in USD/JPY? Let me know your thoughts!
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🚀 Join My Completely Free Signal Group:
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Related publications
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.