The USDJPY currency pair is currently experiencing heightened selling pressure, which is evident from the Zigzag indicator forming a pattern of lower highs and lower lows, suggesting an ongoing downtrend. Furthermore, the price’s position below the Moving Average (MA) reinforces short-term weakness signals. This scenario indicates that buyers are beginning to lose control, while sellers are gaining dominance, creating opportunities for USDJPY to continue its downward movement towards the next support zone.
As long as the price remains below the MA without any valid reversal signals, the bearish bias is likely to continue dominating market movements. Should the selling pressure persist, USDJPY could decline further towards key levels such as 152.00 or even lower, influenced by market reactions to economic data or global risk sentiment.
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On the 15-minute timeframe, USDJPY reveals potential for weakness as the Moving Average (MA) begins to trend downward and the price remains below it, indicating that selling pressure is taking precedence. This bearish signal is further corroborated by the MACD indicator, which produces a negative crossover, suggesting an increasing bearish momentum. Unless there is a significant directional reversal and the price stays below the MA, USDJPY may continue its decline towards the support area at 142.655.
Technical Reference: Sell while below 144.925
Potential Stop Loss Level 1: 144.550
Potential Stop Loss Level 2: 144.925
Potential Take Profit Level 1: 142.970
Potential Take Profit Level 2: 142.655
