Major Sell Zone in Sight! USD/JPY at Make-or-Break Level

📉 Current Market View: Neutral to Bearish

🔹 Technical Analysis
🔸 Trend: Downtrend continuation
🔸 Key Resistance: 148.40 (FVG & 0.618 Fib)
🔸 Key Support: 146.97 (Previous Low)

📊 Positive Indicators:
✅ MACD – Bullish crossover, indicating short-term momentum shift.
✅ RSI (65) – Above neutral, suggesting strong buying pressure.
✅ OBV – Increasing, reflecting higher volume supporting the move.

⚠️ Negative Indicators:
❌ Stochastic (85) – Overbought, possible retracement incoming.
❌ Bollinger Bands – Price hitting upper band, signaling exhaustion.
❌ ADX (25) – Weak trend strength, move could lack conviction.

📈 Fundamentals Driving USD/JPY
🔸 USD Tariff Impact: Recent shifts in US trade policy causing uncertainty.
🔸 German Spending Surge: A major fiscal shift could impact Euro & risk appetite.
🔸 China’s Growth Pivot: Structural changes influencing global trade flows.
🔸 Stock Market Comparison: S&P 500 underperforming vs. Chinese & European markets.

🌍 Global trade expected to rebound in 2025, with forecasts predicting a 3.3% increase, following a 2023 decline.