Potential Pullback Before Bearish Continuation
USDJPY is currently in a downtrend, respecting the descending trendline.
Price is approaching a key supply zone (151.00 – 151.50), where a potential reversal may occur.
A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this level, we could see a drop towards 148.00 – 147.00.
Bias: Bearish
Key Levels:
Resistance: 151.00 – 151.50 (Supply Zone)
Target: 148.00 – 147.00 (Potential Downside)
Watch for rejection patterns in the supply zone before entering shorts.
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