USDJPY| BEARISH AHEAD
The price has been struggling below the 153.770 - 152.438 zone, showing signs of weakness as it attempts to break out of the uptrend channel. Despite a few pushes higher, the market has failed to sustain bullish momentum, indicating that sellers are still in control.
A clear breakdown of the channel is anticipated, which could lead the price towards the 149.620 level. This level has previously acted as a strong support area, and if breached, the decline might extend even further.
However, for a bullish outlook to regain strength, the price would need to break and hold above the 153.770 - 152.438 resistance zone. If buyers manage to push through and establish support above this area, we could see renewed upside momentum, potentially reversing the current bearish bias.
Tendency Keys: 153.77-152.42
Resistance Line: 153.77, 152.42
Support Line: 149.620, 148.632
A clear breakdown of the channel is anticipated, which could lead the price towards the 149.620 level. This level has previously acted as a strong support area, and if breached, the decline might extend even further.
However, for a bullish outlook to regain strength, the price would need to break and hold above the 153.770 - 152.438 resistance zone. If buyers manage to push through and establish support above this area, we could see renewed upside momentum, potentially reversing the current bearish bias.
Tendency Keys: 153.77-152.42
Resistance Line: 153.77, 152.42
Support Line: 149.620, 148.632
Trade active
The price has declined and broken the channel. We should wait for further bearish confirmation until it reaches 149.620.
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With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
about 4 Analysis per day.
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
With Clear entry point and target line with stopout zone
~900 pips per week —— Accuracy more than 88%
with best learning
Be Stronger With us
THANKS for your support
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.