FX.co ★ USD/JPY

As of Wednesday, the quotes of the currency pair US Dollar/Japanese Yen on the four-hour chart continue to actively decline and have already reached a test of the round level of 153.00. I assume that the downward movement will not stop there, and the bears intend to recover all the losses incurred from the previous four-hour uptrend wave, which was observed from the pair's minimum of 152.10 from January 27 to February 9. During this time, the quotes rose almost to the resistance of 157.75, moving up by more than 5.5 figures. All of this, I believe, the bears will take back and again return to the beginning of the 152nd figure, aiming to test the round level of 152.00 in an attempt to break through it, in order to set targets for further decline already within the 151st figure.