Currently, USD/JPY is in a bearish momentum, meaning the price is moving downward. Once this bearish move ends, a bullish reversal is expected. I have marked two key zones where a potential reversal could occur.
Potential Reversal Zones (Support Levels): 1. 146.500 - 147.500 → A critical support area where price may bounce and start a bullish move. 2. 143.500 - 144.500 → If the price continues downward, this is the next key level where a bullish reversal could happen. Bullish Targets (Resistance Levels):
If a reversal occurs, I expect the price to reach: 1. 156.000 - 157.500 → The first major resistance level. 2. 161.500 - 162.000 → If bullish momentum strengthens, the price may push toward this level. Conclusion: USD/JPY is expected to remain bearish until it reaches one of the identified support zones. If a bullish signal appears at these levels, the price could then push toward the mentioned resistance zones. 🚀
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