USDJPY / TRADING INSIDE STRAIGHT CHANNEL / 4H
USDJPY / 4H TIME FRAME
HELLO TRADERS
Current Support Level, Prices are approaching a support level around 154.666. If prices remain above and stabilize at this level, it suggests the potential for upward movement.
Upside Target (Resistance), If prices stabilize above 154.666, there’s an expected increase toward a resistance level around 157.689.
Downside Scenario, If prices break below 154.666, it could indicate further declines toward a support zone between 152.201 and 151.033. Stabilizing above this zone may create conditions for a bullish reversal.
Bearish Outlook, If prices break below the 152.201-151.033 zone and a 4-hour candle closes below it, a further decline to the support level of 149.281 may be anticipated.
Overall Trend, The text suggests there’s still upward pressure overall, meaning the trend may currently be bullish unless the key support levels are broken.
HELLO TRADERS
Current Support Level, Prices are approaching a support level around 154.666. If prices remain above and stabilize at this level, it suggests the potential for upward movement.
Upside Target (Resistance), If prices stabilize above 154.666, there’s an expected increase toward a resistance level around 157.689.
Downside Scenario, If prices break below 154.666, it could indicate further declines toward a support zone between 152.201 and 151.033. Stabilizing above this zone may create conditions for a bullish reversal.
Bearish Outlook, If prices break below the 152.201-151.033 zone and a 4-hour candle closes below it, a further decline to the support level of 149.281 may be anticipated.
Overall Trend, The text suggests there’s still upward pressure overall, meaning the trend may currently be bullish unless the key support levels are broken.
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