USDJPY BUY

USDJPY

Preference:
Throughout most of the week, this particular pair of assets exhibited a bullish trend, with its movement closely following our previously established upward trend line. Despite this, the current momentum of the market indicates that the bears are still in control. However, there exists a possibility that the price may revisit the 148.549 area before continuing its downward trend.

Alternative Scenario:
If we observe a break in the upward trendline, the downtrend could extend further without retesting the crucial 148.549 level. This could potentially lead to a more prolonged period of negative market sentiment and weaken the overall market outlook.