📉 USD/JPY Intraday Chart Analysis (H1)
🔹 Current Price: 143.300
🔸 Structure Type: Range-bound with bullish recovery from demand zone
🟦 Support Zone: 142.300 –
This zone has shown multiple rejections, confirming strong buyer interest.
Marked as "Support Area 142.300" with bullish CHoCH (Change of Character) patterns.
🟥 Resistance Zone: 144.400
Previous price rejections and consolidation near this area.
Currently acting as a key supply zone.
A break and retest of this zone will be needed for bullish continuation.
🎯 Target Area: ~146.500
Marked as the long-term bullish target based on the chart.
Projected from the breakout zone above 144.400.
Ideal for swing trades if price sustains above resistance.
🔁 Possible Price Scenarios
1. Bullish Continuation
If price breaks 144.40 cleanly and retests it:
> 🔼 Potential move toward 146.00 – 146.50
2. Range Reaction
If price gets rejected again at 144.40:
> 🔽 Expect retracement toward 143.00 / 142.30
3. Bearish Breakdown
If price drops and closes below 142.30 zone:
> ⚠️ Potential trend shift — next supports around 141.60 – 141.20
📌 Summary:
Currently in a bullish pullback phase.
Watch for clean breakout above 144.400 to confirm further upside.
Key invalidation level: below 142.30 (support breach = bearish risk)
🔹 Current Price: 143.300
🔸 Structure Type: Range-bound with bullish recovery from demand zone
🟦 Support Zone: 142.300 –
This zone has shown multiple rejections, confirming strong buyer interest.
Marked as "Support Area 142.300" with bullish CHoCH (Change of Character) patterns.
🟥 Resistance Zone: 144.400
Previous price rejections and consolidation near this area.
Currently acting as a key supply zone.
A break and retest of this zone will be needed for bullish continuation.
🎯 Target Area: ~146.500
Marked as the long-term bullish target based on the chart.
Projected from the breakout zone above 144.400.
Ideal for swing trades if price sustains above resistance.
🔁 Possible Price Scenarios
1. Bullish Continuation
If price breaks 144.40 cleanly and retests it:
> 🔼 Potential move toward 146.00 – 146.50
2. Range Reaction
If price gets rejected again at 144.40:
> 🔽 Expect retracement toward 143.00 / 142.30
3. Bearish Breakdown
If price drops and closes below 142.30 zone:
> ⚠️ Potential trend shift — next supports around 141.60 – 141.20
📌 Summary:
Currently in a bullish pullback phase.
Watch for clean breakout above 144.400 to confirm further upside.
Key invalidation level: below 142.30 (support breach = bearish risk)
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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.
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.