USDJPY is consolidating within a range after rejecting the 150.500 resistance zone and is currently trading around 148.000. Price action suggests two potential bearish setups: the first near 149.000–149.500 resistance, where sellers could step in for a rejection, and the second around the 146.000–145.500 support-turned-resistance zone in case of a breakdown and pullback. A sustained rejection from these levels would expose the downside toward 144.000 and eventually 142.000. However, a clean breakout above 150.500 would invalidate the bearish outlook and open the way toward 152.000.
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