USDJPY Chart Technical Outlook prints a top with a measured move target at 156.15
USD/JPY’s broad bias is bullish. Prices might be forming a top. They broke the upward structure last week and bounced higher to retest a barrier ( a previous swing high). There is scope for a downside price action to print a deeper corrective structure. The measured move target of the AB=CD pattern is 156.15, which overlaps with the 38.2% fib retracement level. Resistance is located at the previous swing high of 157.70.
