
Uniglobe Markets
June 2, 2025 at 06:46 AM
*USD/JPY Technical Overview*
USDJPY is in a bearish correction after reaching a peak near 146.00. The current setup shows lower highs and lower lows, suggesting sellers are exerting control.
Support and Resistance Levels
• Support: 143.20, 142.75
• Resistance: 144.10, 144.80
Buy and Sell Scenarios
• Buy Scenario: A recovery above 144.10 could offer an opportunity to test 144.80.
• Sell Scenario: Continuation below 143.20 may lead to further losses toward 142.75.
