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FX.co ★ USDJPY H4 | Bearish Continueation Expected?

USDJPY H4 | Bearish Continueation Expected?

USDJPY H4 | Bearish Continueation Expected?

The USD/JPY chart currently exhibits bearish momentum due to its position below the Ichimoku cloud. There's a potential bearish scenario with the 1st support at 148.44, a pullback support, and the 2nd support at 147.26, an overlap support. On the resistance side, the 1st resistance at 149.98, a swing high resistance, may limit upward movements.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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