The USD/JPY pair is showing a bearish trend, potentially moving towards the first support level at 142.09, aligned with the 23.60% Fibonacci retracement. If the price drops more, the second support at 140.75, aligned with the 50% retracement, could limit further losses. On the downside, the first resistance at 143.87 aligns with Fibonacci confluence and may challenge bullish moves, and the second resistance at 144.86 could also hinder price increases. The bearish divergence shown by the RSI hints at a possible future reversal.
