SHORT | USD/JPY Yen

120

USDJPY
USD/JPY Technical Analysis (Daily Chart)

Trend Structure:

The chart shows a trend shift from bullish to bearish.
Higher Highs (HH) and Higher Lows (HL) previously indicated an uptrend.
However, recent Lower Highs (LH) and Lower Lows (LL) confirm a bearish structure.
Support & Resistance Levels:

Immediate Support (Target Price 1): 151.316 – This level is being tested.
Major Support (Target Price 2): 149.592 – 150.000 – If 151.316 breaks, the price may drop further towards this zone.

Moving Averages:
Price has broken below both moving averages.

Trendline Break:
The rising trendline has been broken, confirming a bearish breakout.

Trade Outlook: 🔴 Bearish Bias – No Buy Signal

If 151.316 support breaks, expect a move towards 149.592 – 150.000.
Strong resistance above 153.000, meaning any bounce could be a shorting opportunity.

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