USD/JPY continues to creep negative 11/2/2025

The USD/JPY pair witnessed a sharp decline at the beginning of the week after facing resistance at 153.50, leading to negative price action.

Technical Outlook:

• The pair momentarily broke below 152.60, with the 50-day simple moving average acting as a negative driver.
• A double-top pattern further strengthens the bearish outlook.

Key Levels to Watch:

• Bearish Scenario:
  • A sustained break below 151.25 could trigger further losses toward 150.50.
• Bullish Scenario:
  • A recovery above 152.65 may negate the downward pressure, leading to a potential rebound.

Market Risks & Considerations:

• Jerome Powell’s testimony today may cause high volatility in USD/JPY movements.
• Ongoing trade tensions add to the uncertainty in market direction.

⚠ Risk Warning: The market remains unpredictable, and all scenarios are possible.

Disclaimer: Trading in CFDs carries inherent risks. The analysis provided herein is not a recommendation to buy or sell, but rather an interpretation of the current price movement on the chart.

S1: 151.25	R1: 152.65
S2: 150.45	R2: 153.30
S3: 149.80	R3: 154.10