USDJPY; trading chart pattern confirm target

USD/JPY 30M Analysis: Bearish Momentum Emerging

The USD/JPY pair on the 30-minute timeframe has recently formed a wedge breakout pattern, signaling a potential shift in momentum to the downside. This technical setup suggests that sellers may take control in the coming hours, providing a possible short trade opportunity.

Key Levels to Watch:
🔹 First Support: 149.230
🔹 Second Support: 148.660

If bearish momentum continues, price action could test these levels as the market moves lower. Traders should monitor price reactions around these zones to assess potential further declines or reversals.

📉 Trading Insight: A confirmed breakout with strong bearish follow-through could strengthen the case for short positions, while a failure to sustain downside pressure may indicate a false breakout. As always, risk management remains crucial in volatile market conditions.

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