09:18 UTC
Downtrend, stabilising · RSI 46 · price 156.698
Lower high then base above 156.45.
USDJPY broke down sharply during the London session on safe-haven JPY flows, dropping from 156.77 to a 156.45 swing low before basing. NY hours have produced a tight 156.60–156.77 consolidation with RSI(14) flat near 46, sellers capping at the intraday LH.
Support: 156.60, 156.45
Resistance: 156.77
What it said to watch
- M15 close above 156.77 negates the lower-high structure
- Break of 156.45 swing low extends the downleg
- US CPI release later this week is a known event risk