This chart represents a USD/JPY (US Dollar / Japanese Yen) price analysis on the 1-hour timeframe from FXCM. It highlights key buy and sell zones with potential price movements.
Key elements in the chart:
1. Buyer's Zone (Support Area):
The pink-shaded region around 148.912 is identified as a buyer’s zone, suggesting that price may find support and reverse upwards.
2. Selling Zone (Resistance Area):
The yellow zone around 151.331 is labeled as a selling zone, indicating a strong resistance level where price may face rejection.
3. Price Projection:
The black arrow suggests a potential bearish move from the selling zone down to the buyer’s zone.
The blue arrow suggests an alternative bullish scenario, where price could break above the selling zone and continue upwards.
Conclusion:
This chart presents two possible scenarios for USD/JPY:
A bearish rejection from 151.331, leading to a drop towards 148.912.
A bullish breakout above 151.331, continuing the uptrend.
Traders should watch price action around these key levels to determine the next move.
Key elements in the chart:
1. Buyer's Zone (Support Area):
The pink-shaded region around 148.912 is identified as a buyer’s zone, suggesting that price may find support and reverse upwards.
2. Selling Zone (Resistance Area):
The yellow zone around 151.331 is labeled as a selling zone, indicating a strong resistance level where price may face rejection.
3. Price Projection:
The black arrow suggests a potential bearish move from the selling zone down to the buyer’s zone.
The blue arrow suggests an alternative bullish scenario, where price could break above the selling zone and continue upwards.
Conclusion:
This chart presents two possible scenarios for USD/JPY:
A bearish rejection from 151.331, leading to a drop towards 148.912.
A bullish breakout above 151.331, continuing the uptrend.
Traders should watch price action around these key levels to determine the next move.
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✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
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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.
World Best Signals Channel here 🤝
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
✅ XAUUSD Gold
✅ BTC & other coins
✅ EURUSD
✅ USDJPY
✅ GBPUSD
✅ ETH USD
Telegram channel 👇👇
t.me/+QYl1pO28OrY0ZTU0
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.