USD/JPY Falls from 154.80 – Is 146 the Next Target?

In my post last week about USD/JPY, I mentioned that the pair could resume its decline and draw attention to the 154+ sell zone.

Indeed, USD/JPY started falling after reaching 154.80 and is now trading at 151.72, which is very close to a key horizontal support level.

Looking ahead, I expect this support to break, pushing the pair below 150 and potentially down to the next horizontal support around 146.

In conclusion, my strategy remains unchanged: I will continue looking to sell rallies, with invalidation above last week’s high.

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