USDJPY caught between key support and resistance as directional bias narrows ...Middle East

The rebound took the pair back up toward 146.534—the former 2025 low from March 11 and a prior swing high from September 27, 2024. Sellers leaned against that level, and in doing so, helped define the battle lines for the pair.

Above 146.534=bullish tilt

Until there’s a break outside this range, the pair remains in balance—but with sellers holding a slight edge, and buyers trying to defend a well-watched support zone.

This article was written by Greg Michalowski at www.forexlive.com.

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