USD/JPY Bearish Breakdown: Eyes on 148.39 Support!
USD/JPY Technical Analysis – February 24, 2025
USD/JPY continues its bearish momentum, having already broken below 149.67, confirming further downside pressure. The price is now stabilizing around 149.33, and as long as it remains below the 151.04 resistance, the bearish trend is intact.
A further drop toward the 148.39 support zone is now likely, with an extended bearish target at 147.82.
However, a potential correction toward 151.04 - 151.79 could occur before continuing downward. If USD/JPY reclaims 151.04, it could become volatile and attempt a push toward 151.79 before deciding on the next direction.
Key Levels to Watch:
Pivot Point: 149.678
Resistance Levels: 151.04, 151.79, 152.64
Support Levels: 148.39, 147.82, 146.33
📉 Directional Bias:
Bearish continuation expected toward 148.39 - 147.82 as long as below 149.67
💬 Will USD/JPY reach 148.39 next, or will it retrace before another drop? Let’s watch the price action! 🚀🔥
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