Technical analysis of USD/JPY 04/04/2025
The USD/JPY currency pair is in a downtrend on (1D).
The price broke the support level of 146.50, updating the annual low and forming the “Head and Shoulders” figure.
The technical picture suggests the development of a downtrend with the nearest target in the area of 140.00 (last year’s low).
The target for working out the “Head and Shoulders” figure is in the area of 137.00.
The nearest resistance level is 146.50.
Created by Joshua Hayn
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