The USDJPY has experienced a bearish breakout from the triangle pattern through its support level. The target is set at 149.37.

A trading configuration was spotted on the USDJPY. As of 4PM on February 20, 2024, the USDJPY price has breached the Triangle pattern’s support line. This suggests a potential downward price trend for the next six hours, possibly reaching 149.37.

The pattern’s overall visual clarity is commendable. The trading setup is distinctly visible, with minimal disruption during the oscillation between support and resistance. The breakthrough of the support was notably robust, which serves as a powerful testament to the current market sentiment.