USD/JPY - Technical Analysis & Market Sentiment

📉 Bearish Bias

✅ Major Resistance at 150.734 - Price testing a key resistance, potential rejection. (+2)✅ Possible Head & Shoulders Formation - Bearish structure indicating a possible reversal. (+2)✅ Possible Lower High (LH) at Resistance - If price fails to break above 150.734, a downtrend continuation may occur. (+1)✅ Breakout Below Daily Trendline Would Confirm Bearish Move - If price moves below 149.791, downside may accelerate. (+1)

🔻 Total Bearish Score: 6

📰 Sources:

Key Resistance & Reversal Patterns - XTB

Market Structure & Trendline Analysis - IFC Markets

📈 Bullish Bias

✅ Daily Trendline Holding Support - Price bouncing off trendline, supporting bullish momentum. (+2)
✅ Higher High Formation (HH) at 150.734 - Price breaking new highs, indicating potential bullish continuation. (+2)
✅ USD Strength from Fed Policy - Market sentiment favors a stronger USD, supporting upside bias. (+1)

🔹 Total Bullish Score: 5

📰 Sources:
Trendline Support & Market Sentiment - RoboForex
USD Strength from Fed Policies - Reuters

📊 Sentiment & Market Factors

📉 BOJ Potential Intervention (- Bearish) - Bank of Japan may step in if JPY weakens further. Source
📈 Stronger USD from Fed Rate Expectations (+ Bullish) - Fed stance supporting USD strength. Source
📉 Key Resistance at 150.734 (- Bearish) - Major level that needs to break for further upside. Source

📌 Final Bias: Slightly Bearish (Score: 6 vs 5)