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Figure Heloc 
USD/JPY retraces its recent gains registered in the previous session, trading around 156.10 during the European hours on Monday. On the daily chart, technical analysis indicates the 14-day Relative Strength Index (RSI) sitting at 52.80 (neutral) after easing from recent readings.
💡 DMK Insight
USD/JPY’s pullback to around 156.10 signals a potential shift in momentum. The recent retracement comes after a brief rally, and with the RSI at 52.80, it suggests the pair is neither overbought nor oversold. Traders should be cautious; a failure to hold above this level could trigger further declines, especially if the RSI dips below 50, indicating weakening bullish momentum. Watch for key support around 155.50, which could act as a pivot point. If it breaks, we might see a deeper correction. On the flip side, if the pair rebounds and reclaims 157.00, it could reignite bullish sentiment, attracting more buyers. Keep an eye on broader market sentiment and any economic data releases that could impact the USD or JPY, as these could drive volatility in the short term.
📮 Takeaway
Monitor USD/JPY closely; a drop below 155.50 could signal a deeper correction, while a rebound above 157.00 may attract buyers.
