USD/JPY Technical: Potential Countertrend USD Corrective Rebound on the Horizon

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<p>The medium-term downtrend phase of USD/JPY in place since the 15 November 2023 high has reached a potential inflection level at 140.25. A potential countertrend corrective rebound scenario may unfold next. Watch the first immediate resistance zone at 142.85/143.40. The price actions of USD/JPY have plummeted lower as highlighted in our prior report despite the […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/533539-usd-jpy-technical-potential-countertrend-usd-corrective-rebound-on-the-horizon/">USD/JPY Technical: Potential Countertrend USD Corrective Rebound on the Horizon</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>