USD/JPY Technical Analysis: Understanding the Bearish Price Forecast

Friday, 13 September 2024, 05:21

USD/JPY technical analysis indicates a bearish trend with lower lows. If the pair closes below 140.25, it confirms a long-term trend reversal. A significant decline may follow, affecting traders and investors alike.

Fxstreet — USD/JPY Technical Analysis: Understanding the Bearish Price Forecast

USD/JPY Technical Analysis Overview

Recent price movements in the USD/JPY currency pair are increasingly bearish. If USD/JPY can make a daily close below the 140.25 December 2023 low, this would provide further confirmation of a long-term trend reversal.

Potential Implications of a Trend Reversal

A close under 140.25 could signal significant drops in subsequent trading sessions.
Market participants should prepare for possible resistance levels.

The bearish outlook suggests traders need to remain vigilant about market signals. Close attention to the USD/JPY movements could present opportunities for strategic positioning.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.