Although there is potential for a limited strong retracement, USD/JPY is expected to weaken as long as it doesn't break above
Although there is potential for a limited strong retracement, USD/JPY is expected to weaken as long as it doesn't break above 152.16, Monday, August 4, 2025.
USD/JPY – Monday, August 4, 2025.With
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USD/JPY – Monday, August 4, 2025.With the EMA still forming a Death Cross and the RSI(14) indicator at the Bearish Neutral level, USD/JPY has the potential to continue strengthening today.Key Levels1. Resistance 2: 152.16.2. Resistance 1: 149.78.3. Pivot: 148.55.4. Support 1: 146.17.5. Support 2: 144.94.Tactical ScenarioPressure Risk Zone: If the price breaks through and closes below 146.17, USD/JPY has the potential to continue its decline to 144.94.Momentum Extension Bias: If USD/JPY successfully breaks through and closes below 144.94, as well
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