FXNOVA Strategy – USD/JPY Bearish Bias Below 148.05
USD/JPY Intraday Signal: Downside Extension Toward 147.20
USD/JPY is facing strong resistance at 148.05, keeping the pair under selling pressure. The Relative Strength Index (RSI) stays below its neutrality level at 50, confirming that bearish momentum dominates. As long as price remains capped under the pivot at 148.05, sellers are likely to stay in control.
The immediate downside targets are set at 147.45 and 147.20. A confirmed break below 147.45 would strengthen bearish sentiment and open the path toward 147.20 in extension.
On the other hand, a breakout above 148.05 would invalidate the bearish bias and expose higher resistance levels at 148.35 and 148.60. Traders should closely monitor the 148.05 pivot as the key level separating continuation to the downside from a possible bullish reversal.
- Enter: 147.85
- Stop Loss (SL): 148.35
- Target A: 147.45
- Target B: 147.20