USDJPY Market Story: Downside Pressure Develops, but Confirmation Is Still Missing
Current Context USDJPY is confronting a key question: is the developing downside pressure becoming accepted, or is it still only a challenge within a broader unresolved structure? The higher timeframes remain conflicted. W1 retains an upward confirmed-swing structure with a higher-high/higher-low sequence, although weekly momentum conditions are weaker: the 5SMA is falling strongly, the 5/20 relationship is bearish, and Aviation Landing describes the context as a Sold Bias. D1 does not resolve that conflict. Its structure is a contracting range, with a lower high but also a higher low. Sellers have restricted the upside, while buyers have prevented a clean structural continuation lower. The result is a mixed environment: longer-term W1 structure remains upward, but intermediate momentum










