**USD/JPY 4H Chart Analysis – Potential Breakdown or Reversal**
**Technical Summary:**
The chart shows USD/JPY trading within a rising channel, with recent price action indicating a possible bearish shift. Liquidity above a recent high has been taken, followed by a **change of character (CHoCH)** suggesting potential bearish intent.
**Key Highlights:**
* **Liquidity Grab:** Price swept prior highs, likely triggering buy-side liquidity.
* **CHoCH Identified:** Structure broke to the downside, indicating a bearish shift in market sentiment.
* **Critical Level:** A **4H close below 144.802** is crucial for confirmation of further downside movement.
* **Channel Support:** Price is currently testing the lower boundary of the ascending channel.
* **Scenarios:**
* **Bullish Case:** If the price respects the channel and pushes higher, targets near **150.000** could come into play.
* **Bearish Case:** A confirmed breakdown below **144.802** opens the path toward the **139.000 demand zone**.
**Outlook:**
* Monitor for 4H candle close below 144.802 for bearish confirmation.
* Alternatively, bullish continuation is valid if support holds and structure shifts upward again.
**Disclaimer:** This analysis is for educational purposes only. Always conduct your own research before making trading decisions.
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.