Usdjpy sell now down more opportunity for pattern of crazy 1. Alternative Scenario (Bullish Counter to Bearish Setup):
While the chart is heavily bearish, showing a breakdown area and targeting 144.110, price currently holds above 147, which could act as interim support.
If price fails to break below 146.500, a bullish retracement to 148.500–149.000 is possible before any further downside.
Watch for a false breakdown and reversal signals near 146.500–147.000.
2. Volume Analysis:
Note that recent volume spikes around breakdown attempts could suggest that buyers are still active, absorbing selling pressure.
If volume dries up on further breakdown attempts, momentum for the drop may weaken.
3. Hidden Bullish Divergence:
If RSI/MACD (if added) shows higher lows while price makes lower lows, hidden bullish divergence could hint at a potential bounce — invalidating the straight move to 144 for now.
4. Invalidation Levels:
The 147.800–148.200 zone may serve as a key resistance; if price reclaims this area, it could negate the bearish outlook.
Above 149.500, bears would be invalidated, and we might return to test the 150.100 resistance mentioned in your chart.
5. Fundamental Factors:
Any USD news catalyst (like CPI, NFP, or Fed decisions) might shift momentum abruptly. If USD strengthens, JPY pairs could reverse the expected bearish move
