USD/JPY Price Analysis (1H)

The price of USD/JPY is currently approaching a support level and could be setting up for a pullback. If it bounces off this support, we could see a potential upward move. However, if the support is broken, the next target could be the next support level

Key scenarios to watch:

If the price bounces back from the support, it may signal a reversal.
If the price breaks out below the support, it could move toward the next support level.
Let’s monitor closely and see how it develops!