The break below the converged 100 and 200 bar moving averages on the 4-hour chart, along with the 50% retracement of the September low to the March high (149.22–149.30), marked the initial bearish trigger. That move was compounded by the clean break below recent swing lows at 148.56, 148.72, and 148.10, indicating growing downside momentum.
As long as price stays below the 146.94–147.34 zone, the technical bias remains tilted to the downside. A move back above this resistance cluster would weaken the bearish structure and open the door for a potential retracement higher.
Key technical levels:
Swing lows broken: 148.56, 148.72, 148.10
Support target: 144.40–144.52
This article was written by Greg Michalowski at www.forexlive.com.Hence then, the article about usdjpy breaks key technical support bias shifts more bearish was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( USDJPY breaks key technical support, bias shifts more bearish )
Also on site :