The USDJPY is under pressure after breaking through several critical technical levels, shifting the near-term bias firmly to the downside.

The break below the converged 100 and 200 bar moving averages on the 4-hour chart, along with the 50% retracement of the September low to the March high (149.22–149.30), marked the initial bearish trigger. That move was compounded by the clean break below recent swing lows at 148.56, 148.72, and 148.10, indicating growing downside momentum.

The pair has since moved into a key swing area between 147.23 and 147.33, where price briefly paused. Just above that is the 61.8% retracement level at 146.94, which has now turned into a near-term resistance level, along with the recent low at 146.53.

As long as price stays below the 146.94–147.34 zone, the technical bias remains tilted to the downside. A move back above this resistance cluster would weaken the bearish structure and open the door for a potential retracement higher.

On the downside, traders are eyeing the next major support between 144.40 and 144.52 — a level that could act as a downside target if selling pressure persists.

Key technical levels:

• Bearish break: Below 149.22–149.30 (50% + 100/200 bar MAs)

• Swing lows broken: 148.56, 148.72, 148.10

• Resistance zone: 146.94 (61.8%) to 147.34

• Support target: 144.40–144.52