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USDJPY 4.2.2025
The price is moving in a downward trend in the short term, forming lower highs, which is confirmed by the descending yellow trendline. The price is currently facing strong resistance at 155.834 and is trading around 155.287. There is also strong support at 154.353.
Expected Scenario:
Bullish Scenario:
If the price successfully breaks above the 155.834 resistance level and holds above it, further upward movement toward 156.500 is expected.
Breaking this level may push the price to test the next resistance at 157.000.
Bearish Scenario:
If the price fails to break 155.834, it may decline to test the support level at 154.353.
A break below this support could lead to further downside movement toward 153.800, which is a key support level on the higher time frame.
Key Levels:
Resistances: 155.834 - 156.500 - 157.000
Supports: 154.353 - 153.800
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
