USDJPY
The overall trend remains Bearish as long as the price stays below 149.920, with bearish targets at 149.02 and potentially 147.82.
A corrective move toward the descending trend line at 150.28 is possible before the bearish trend resumes. However, if the price stabilizes below 149.92 with a 4h candle close, a bearish move of 149.92 extends toward 147.82.
otherwise, the closing daily candle above 150.300 will push up to 150.99 and 151.79
Key Levels:
Pivot Line: 149.92
Resistance Levels: 150.99, 151.79, 153.27
Support Levels: 148.39, 147.82, 146.33
PREVIOUS IDEA:
The overall trend remains Bearish as long as the price stays below 149.920, with bearish targets at 149.02 and potentially 147.82.
A corrective move toward the descending trend line at 150.28 is possible before the bearish trend resumes. However, if the price stabilizes below 149.92 with a 4h candle close, a bearish move of 149.92 extends toward 147.82.
otherwise, the closing daily candle above 150.300 will push up to 150.99 and 151.79
Key Levels:
Pivot Line: 149.92
Resistance Levels: 150.99, 151.79, 153.27
Support Levels: 148.39, 147.82, 146.33
PREVIOUS IDEA:
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.
Technical analyst focused on gold, indices, and forex.
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
Providing regular updates with structure, entry/exit clarity, and real-time outlooks.
More at: sroshmayi.com/
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.