USDJPY
USDJPY technicals

After briefly poking above the 38.2 % retracement of the December–April decline (147.11), USDJPY couldn’t hold the gain. The failed break flipped intraday sentiment and sellers pressed the pair back into the well-defined swing band at 145.92-146.24.

Scenarios from here

  • Break lower → bearish tilt:

    • 145.47 (minor May pivot)

    • 144.66 (200-hour MA)

    • 144.42 (100- hour MA)

  • Hold & bounce → bullish reset:

    • First hurdle 147.11 - (38.2% retracement)

    • Key target 147.49 (high price today)

For now, price action inside 145.92-146.24 will dictate the next push; watch for momentum either side of that pivot to confirm direction.

Source: Forex Live