The USD/JPY daily chart shows a descending channel pattern, with price recently testing the lower boundary and rebounding. Key resistance levels are marked as TP1 (around 155.000), TP2 (approximately 162.327 - 165.941), and TP3 (near 178.490 - 178.635), indicating potential bullish targets. The price is currently hovering around 149.300, with a possible breakout above the channel signaling further upside movement. The marked support levels around 146.481 - 144.946 suggest a critical zone for risk management.
Risk Management Disclaimer:
Trading in financial markets involves significant risk and may not be suitable for all investors. The analysis provided is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always conduct your own research, use proper risk management strategies, and consult with a professional financial advisor before making trading decisions. Never trade with money you cannot afford to lose.
Risk Management Disclaimer:
Trading in financial markets involves significant risk and may not be suitable for all investors. The analysis provided is for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results. Always conduct your own research, use proper risk management strategies, and consult with a professional financial advisor before making trading decisions. Never trade with money you cannot afford to lose.
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.
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.