USDJPY Wave Analysis – 6 May 2025

USDJPY: ⬇️ Sell

– USDJPY reversed from resistance zone

– Likely to fall to support level 140.00

USDJPY currency pair recently reversed from the resistance zone between the resistance level 146.00 (former strong support from March) and the 50% Fibonacci correction of the previous downward impulse from March.

The downward reversal from this resistance zone stopped the previous minor ABC correction 2.

Given the strongly bullish yen sentiment seen today, USDJPY currency pair can be expected to fall to the next support level 142.00 – the breakout of which can lead to further losses toward support level 140.00.

Source: https://fxpro.news