USDJPY Overview

Currently, the USD/JPY price is trading within an Order Block (OB) zone, a key area where price has previously reversed. Based on my analysis, there is a high probability that the price will retrace slightly before continuing its downward movement.

The price may interact with the Lower OB (Lf. OB) zone before dropping towards the target near 142.971. This area presents a potential selling opportunity as we anticipate a bearish move.

USDJPY