USDJPY falls below key support, tests Fibonacci retracement zone | Forexlive

The USDJPY extended its move lower today, breaking decisively below the 200-bar moving average on the 4-hour chart (currently near 144.86) and staying below that level through the U.S. session. The move marked a key shift in near-term momentum as sellers tightened their grip.

The decline accelerated after the pair failed to sustain above the swing area between 143.57 and 144.03, with sellers leaning against that zone during the latest correction. The subsequent move lower pushed price action toward the 61.8% retracement of the April–May rally, which comes in at 143.225. The low of the day reached 143.29, stalling just above that Fibonacci support.

Looking ahead, holding above the 143.22–143.29 area keeps the door open for a bounce or corrective move. However, for buyers to regain control, the pair would need to push back above the 144.03–144.26 swing area and ultimately reclaim the 200-bar moving average and 100-hour MA, both clustered near 144.86.

📌 Key levels to watch:

• Support:

  • 143.29 – Session low

  • 143.225 – 61.8% retracement of April low to May high

  • 142.35 – Swing lows from May 6

  • 14164 -142.109 – Next downside swing area

• Resistance:

  • 143.573–144.026 – Swing area

  • 144.18 to 144.257 – 200 bar MA on the 4-hour chart and the 50% retracement

  • 144.858 – Converged 100-bar MA (4-hour) and 100-hour MA

  • 145.91 – 200-hour MA (near-term ceiling)

🔻 Bias:

Bearish below 144.03;

Break of 143.25 would increase downside momentum toward deeper retracement targets.

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