USD/JPY – Bears Take Control Amid Major Technical Breakdown
Fundamental Backdrop and Market Sentiment
The significant disappointment in July’s NFP has heightened expectations for a Fed rate cut…
Technical Indicators and Price Action Analysis
Breakdown below the 200-DMA at 149.58 and support at 148.80 triggered stops…
Critical Support and Resistance Levels
Support: 147.59 then 147.03, with risk of further declines to 146.00…
Conclusion and Trading Strategy
USD/JPY’s sharp bearish reversal signals a decisive shift. Short-term rallies toward resistance zones could present tactical short opportunities…