USD/JPY Price Analysis: Bears lurking near 134.50 for a downside correction USDJPY Technical Analysis
A more bearish scenario, below, highlighted the chances of a breakdown into the broader trendline support.We are seeing a break in the structure in the 134.20s which leaves the focus on the downside.
However, a bullish correction of the break in structure is underway and the following offers a potential trajectory in the price encompassing a correction and then a downside continuation:scale, we can see that the prior support aligns with a cluster of Fibos between the 38.2% and 61.8% ratios and a 50% mean reversion in-between. Information on these pages contains forward-looking statements that involve risks and uncertainties.
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