USDJPY
USDJPY technicals

In the morning video, I outlined the swing area between 144.40 to 144.54. The price did fall below those levels, and there was some momentum lower. However, the price has since rebounded.

Sellers had their shot with the break lower, but they missed. The question now shifts—can buyers hold the line... again (above 14440 to 144.54)?

If buyers can defend this support, there could be a bounce. The 100 hour MA is still a good bit away at 146.30 but it is falling. The question for traders, therefore, becomes hold the support. If that can happen, the buyers are in play.

For dip buyers stay above 144.40 to 144.54.

Source: Forex Live