- USD/JPY must pristine 150.93 to annul the wider downward trend.
- The key resistance to 151.00 and Senkou extends to 151.50.
- Lack of storage 150.00 can push the steam in the direction of support 148.57.
USD/JPY gathered on Tuesday the third day in a row near the bottom of nearly 148.60. He obtained over 0.54% and sold above the handle 150.00. At the time of writing, the pair trads at 150.59.
USD/JPY price forecast: technical perspectives
The downward trend of the USD/JPY pair will remain in place, unless the buyers recover 150.93, February 7 a day, which changed immunity. Tenkan-seen at 150.44 has already been recovered, but the key levels of resistance confirm the Scenario of the Bear USD/JPy.
Bulls must regain 151.00 before the challenge of Senkou in 151.50. In further strength, the 200-day straight moving average is up to 152.43
And vice versa, if USD/JPy drops below 150.00, the next support would be the lowest level on February 25, 148.57. After dropping the next support, the swing from December 2024 148.64 would be.
