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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Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
My FREE Telegram Channel:
t.me/EaglePipsPro1
t.me/EaglePipsPro1
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.