Short USDJPY (1:2 RR)
Updated
Multi-Time Frame Analysis for USD/JPY
Daily (1D) Chart:
The daily chart of USD/JPY shows a strong bearish trend with the price making lower lows and lower highs. The pair has recently found support around 142.00, with resistance levels at 145.00 and 147.50. The current price is around 143.60, indicating potential further downward movement unless a significant support holds.
4-Hour (4H) Chart:
On the 4-hour chart, USD/JPY is also in a clear downtrend. The price recently attempted a pullback towards 144.00 but faced resistance and is now consolidating around the 143.50 level. Sellers appear strong below 144.00, while buyers are trying to defend the 143.00-142.50 support zone.
1-Hour (1H) Chart:
The 1-hour chart shows USD/JPY in a downtrend with brief periods of consolidation. The pair is currently trading around 143.60 after bouncing off from the 142.50 support. Immediate resistance is at 144.00, with stronger resistance at 145.00. The short-term bias remains bearish as long as the price stays below 144.00.
15-Minute (15M) Chart:
On the 15-minute chart, USD/JPY has recently bounced from 143.00 support and is trading around 143.60. The pair shows signs of a minor recovery, but the overall trend is still bearish. Immediate resistance is at 143.80, and support is at 143.20 and 143.00.
Daily (1D) Chart:
The daily chart of USD/JPY shows a strong bearish trend with the price making lower lows and lower highs. The pair has recently found support around 142.00, with resistance levels at 145.00 and 147.50. The current price is around 143.60, indicating potential further downward movement unless a significant support holds.
4-Hour (4H) Chart:
On the 4-hour chart, USD/JPY is also in a clear downtrend. The price recently attempted a pullback towards 144.00 but faced resistance and is now consolidating around the 143.50 level. Sellers appear strong below 144.00, while buyers are trying to defend the 143.00-142.50 support zone.
1-Hour (1H) Chart:
The 1-hour chart shows USD/JPY in a downtrend with brief periods of consolidation. The pair is currently trading around 143.60 after bouncing off from the 142.50 support. Immediate resistance is at 144.00, with stronger resistance at 145.00. The short-term bias remains bearish as long as the price stays below 144.00.
15-Minute (15M) Chart:
On the 15-minute chart, USD/JPY has recently bounced from 143.00 support and is trading around 143.60. The pair shows signs of a minor recovery, but the overall trend is still bearish. Immediate resistance is at 143.80, and support is at 143.20 and 143.00.
Trade closed: target reached
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