USD/JPY 4H Chart Analysis
Key Levels to Watch:
1. Support Area (Around 147.000 - 147.500) – This is a strong demand zone where buyers have previously stepped in, pushing prices higher. If the price drops to this level again, we might see another bounce.
2. Resistance Area (Near 149.800 - 150.000) – This is a key hurdle where selling pressure has been seen before. If the price reaches this zone, it might struggle to move higher unless strong buying momentum appears.
3. Supply Zone (150.500 - 151.500) – A stronger resistance area where sellers have taken control in the past, causing price drops.
Possible Scenarios:
- If USD/JPY breaks above 150.000, it could continue rising toward the supply zone.
- If the price fails to break resistance, we might see a pullback toward the 147.540 target area or even the support zone near 147.000.
Conclusion:
Traders should watch how price reacts at these key levels. A breakout above 150.000 may signal further upside, while rejection could push the price lower toward support.
If you enjoy, press the like button.
Key Levels to Watch:
1. Support Area (Around 147.000 - 147.500) – This is a strong demand zone where buyers have previously stepped in, pushing prices higher. If the price drops to this level again, we might see another bounce.
2. Resistance Area (Near 149.800 - 150.000) – This is a key hurdle where selling pressure has been seen before. If the price reaches this zone, it might struggle to move higher unless strong buying momentum appears.
3. Supply Zone (150.500 - 151.500) – A stronger resistance area where sellers have taken control in the past, causing price drops.
Possible Scenarios:
- If USD/JPY breaks above 150.000, it could continue rising toward the supply zone.
- If the price fails to break resistance, we might see a pullback toward the 147.540 target area or even the support zone near 147.000.
Conclusion:
Traders should watch how price reacts at these key levels. A breakout above 150.000 may signal further upside, while rejection could push the price lower toward support.
If you enjoy, press the like button.
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Note
Trade closed: target reached
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Related publications
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.