USD/JPY Under Pressure Below Resistance at $149.066
The USD/JPY chart shows the formation of a key trend with the price fluctuating around $147.712, just below the strong resistance level at $149.066. If this resistance fails to break, USD/JPY may reverse and correct towards key support levels at $146.163 or even deeper at $143.432.
The EMA 34 and EMA 89 lines provide stable support, but selling pressure is weighing heavily on the price. A breakout scenario will require strong confirmation from technical factors, while investors should closely monitor key economic news from the U.S., which could cause significant market volatility.
At present, technical factors combined with the short-term downtrend could continue to push the price lower unless a strong breakout from buyers occurs.
The EMA 34 and EMA 89 lines provide stable support, but selling pressure is weighing heavily on the price. A breakout scenario will require strong confirmation from technical factors, while investors should closely monitor key economic news from the U.S., which could cause significant market volatility.
At present, technical factors combined with the short-term downtrend could continue to push the price lower unless a strong breakout from buyers occurs.
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