USD/JPY is showing signs of weakness after rejecting the 146.00 level. The pair has started a corrective move on the 1H timeframe, trading below the previous support at 145.455, which has now turned into resistance.
As long as the price remains below this level, the current momentum suggests a possible drop toward the next support zones at:
First target: 144.78
Second target: 144.343
Any bullish retracement toward 145.455 may serve as a retest before continuing lower. This idea reflects the current price structure and does not constitute financial advice.
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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.