USDJPY: Bearish Break in Focus

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Hello Traders,

Below is my analysis of USDJPY currency pair from H1 perspective.

Trend & Sentiment
USDJPY is in a strong downtrend, forming lower highs and lows. The recent break below 153.819 confirms bearish momentum, with sellers firmly in control.

Key Levels
Resistance: 153.962 (Minor), 154.653 (Major)
Support: 153.276

Possible Movement
Bearish Continuation: Likely toward 152.466 (target) as long as the price stays below 154.653.
Retracement Risk: Minor resistance at 153.962 may cap any short-term bounces.
Reversal Signal: A break above 154.653 could shift momentum to bullish.

Conclusion
The outlook remains bearish with a focus on 152.466, while resistance at 154.653 defines the trend's invalidation point.

Do let me have your thoughts.

Cheers and happy trading!
Dagangan aktif
Outlook invalidated.
Dagangan ditutup: sasaran tercapai
Price moved +50pips in our direction hitting the 153.962 price region before making a U-turn.
bearishmomentumbreakofstructureChart PatternsTrend AnalysisusdjpyshortWave Analysiswaveanalysiss

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