USD/JPY Breaking Lower, Fib Levels in Play📉 Key Breakdown Below 150.00
USD/JPY has fallen sharply, breaking below key support at 151.50 (38.2% Fib retracement) and testing 149.63 (50% Fib level).
The pair is trading below both the 50-day EMA (153.80) and 200-day EMA (152.17), reinforcing downside pressure.
🔍 Technical Levels to Watch:
Support:
149.23 (50% Fib retracement) → Current price is testing this level.
146.95 (61.8% Fib retracement) → Next major downside target.
143.71 (78.6% Fib retracement) → Deeper bearish target.
Resistance:
151.50 (38.2% Fib retracement, former support, now resistance)
152.17 (200-day EMA) → A key level to reclaim for bulls.
📊 Momentum Indicators Bearish:
RSI at 33.18 → Near oversold territory, but still trending downward.
Bearish momentum accelerating, further losses possible.
🔻 What’s Next?
If USD/JPY holds below 150.00, expect further downside toward 146.95.
A recovery above 151.50 could neutralize the immediate bearish outlook.
Right now, momentum favors the bears, and lower Fib levels remain in focus.
-MW
