USD/JPY Long-Term Sell Idea
The chart indicates a rising wedge formation nearing the 161.518 resistance level, a strong bearish reversal signal. Fundamentally, the U.S. Federal Reserve may pivot toward rate cuts by late 2025 due to slowing inflation and economic growth, weakening the dollar. Meanwhile, the Bank of Japan could tighten its monetary policy further as inflation gains momentum, supporting the yen.
Key levels to watch:
Resistance: 161.518
Support: 142.284 (short-term), 100.000 (long-term target)
A break below the wedge could trigger a sell-off, aligning with the fundamental outlook. Consider scaling into short positions around resistance zones.
Key levels to watch:
Resistance: 161.518
Support: 142.284 (short-term), 100.000 (long-term target)
A break below the wedge could trigger a sell-off, aligning with the fundamental outlook. Consider scaling into short positions around resistance zones.
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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.
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.