USD/JPY tests strong support at 151.00, eyeing a potential rebound

USD/JPY Analysis – Descending Channel

The 4-hour chart for USD/JPY shows that the pair trades within a descending channel and tests the $151 support for the second time. The pair rebounds higher after hitting this support. The strong support levels are $151 and $150, where the next move in USD/JPY will likely develop. The RSI has entered the oversold region, indicating a potential rebound from these levels.