The USD/JPY pair has seen its downside move extend from 147.20 down to 139.57. Currently, the pair remains within a falling price channel on the 4-hour chart, indicating that the downtrend could persist as long as channel resistance holds.
Should the price break below the 139.57 support level, it may trigger further declines toward the 137.50 area. On the resistance side, initial resistance is positioned at 141.30. A break above this level could allow the price to test the channel resistance. If the price exceeds the channel resistance, it would suggest that the downside movement from 147.20 has concluded at 139.57, with the next targets set at 143.04 and 144.05.