USDJPY Analysis
Potential Pullback Before Bearish Continuation
USDJPY is currently in a downtrend, respecting the descending trendline.
Price is approaching a key supply zone (151.00 - 151.50), where a potential reversal may occur.
A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this level, we could see a drop towards 148.00 - 147.00.
Bias: Bearish
Key Levels:
📉 Resistance: 151.00 - 151.50 (Supply Zone)
📉 Target: 148.00 - 147.00 (Potential Downside)
Watch for rejection patterns in the supply zone before entering shorts.
What’s your outlook? Drop your thoughts below!
USDJPY is currently in a downtrend, respecting the descending trendline.
Price is approaching a key supply zone (151.00 - 151.50), where a potential reversal may occur.
A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this level, we could see a drop towards 148.00 - 147.00.
Bias: Bearish
Key Levels:
📉 Resistance: 151.00 - 151.50 (Supply Zone)
📉 Target: 148.00 - 147.00 (Potential Downside)
Watch for rejection patterns in the supply zone before entering shorts.
What’s your outlook? Drop your thoughts below!
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My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.