Here’s a TradingView-style analysis for your USD/JPY chart:
---
📉 USD/JPY Analysis – H1 Timeframe
🔹 Trend: Bearish
🔹 Structure: Price is trading within a descending channel, showing lower highs and lower lows.
🔹 Key Resistance: 147.69 - 148.23
🔹 Potential Scenario:
Price is approaching a key resistance zone, which aligns with previous structure.
If price rejects this area, it could continue the bearish trend toward the 146.00 zone.
A breakout above 148.23 could invalidate the setup and signal bullish momentum.
💡 Watch for:
✔️ Bearish rejection candles at resistance
✔️ Breakout of the channel for confirmation
✔️ Increased volatility from news events
📊 What’s your bias for USD/JPY? Drop your comment below$$
---
📉 USD/JPY Analysis – H1 Timeframe
🔹 Trend: Bearish
🔹 Structure: Price is trading within a descending channel, showing lower highs and lower lows.
🔹 Key Resistance: 147.69 - 148.23
🔹 Potential Scenario:
Price is approaching a key resistance zone, which aligns with previous structure.
If price rejects this area, it could continue the bearish trend toward the 146.00 zone.
A breakout above 148.23 could invalidate the setup and signal bullish momentum.
💡 Watch for:
✔️ Bearish rejection candles at resistance
✔️ Breakout of the channel for confirmation
✔️ Increased volatility from news events
📊 What’s your bias for USD/JPY? Drop your comment below$$
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.