USD/JPY Technical Analysis (30-Min Chart)
Current Price: 145.157
Chart Pattern: The chart shows a bearish structure forming after a sharp drop from the recent high near 147.9. The price is currently consolidating below a resistance zone.
Key Resistance Zone: ~145.70 – 146.00 (highlighted by the orange box)
Support Zone: ~144.30 (target area)
Bearish Outlook:
The price formed a lower high after the drop from the recent peak, indicating selling pressure.
A potential bearish flag or lower high rejection is forming.
The forecasted path suggests a downward move towards 144.309, aligning with the previous support area.
Conclusion:
The setup favors short positions if the price fails to break above the 145.70–146.00 resistance.
Target remains 144.309, with a break below that possibly opening the way to 143.50.
Watch for price action near the blue zone to confirm the downward continuation.
Current Price: 145.157
Chart Pattern: The chart shows a bearish structure forming after a sharp drop from the recent high near 147.9. The price is currently consolidating below a resistance zone.
Key Resistance Zone: ~145.70 – 146.00 (highlighted by the orange box)
Support Zone: ~144.30 (target area)
Bearish Outlook:
The price formed a lower high after the drop from the recent peak, indicating selling pressure.
A potential bearish flag or lower high rejection is forming.
The forecasted path suggests a downward move towards 144.309, aligning with the previous support area.
Conclusion:
The setup favors short positions if the price fails to break above the 145.70–146.00 resistance.
Target remains 144.309, with a break below that possibly opening the way to 143.50.
Watch for price action near the blue zone to confirm the downward continuation.
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✅ All PAIRS SIGNALS PROVIDE FIRST VISIT THEN JOIN
🔗 t.me/+jODseb0iIvxiNjc0
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✅ All PAIRS SIGNALS PROVIDE FIRST VISIT THEN JOIN
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✅ REGISTER UNDER THE WORLD BEST BROKER
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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.