Technical Analysis Of USD/JPY:
🔍 USD/JPY Technical Outlook – Daily Timeframe
Strong Support Holds at 140.00 Zone
Price has recently tested a strong historical support level near the 140.00–139.50 area. This level has shown significant buying interest in the past, and early signs of a potential bullish reaction are forming.
Short-Term Bounce Expected
The chart suggests a possible short-term bullish pullback from the support zone. If buyers maintain control, price may head toward the resistance area near 147.70, which aligns with a previous demand-turned-supply zone.
Key Resistance Ahead
The marked resistance level at 147.70 will be a crucial zone to watch. A rejection from this area may resume the broader downtrend, whereas a breakout could shift momentum to the upside.
Moving Averages Show Bearish Bias
Both the 50-day and 200-day moving averages are sloping downward, reinforcing the prevailing bearish trend. Any bullish move could be corrective unless price breaks above these dynamic resistance levels.
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🔍 USD/JPY Technical Outlook – Daily Timeframe
Strong Support Holds at 140.00 Zone
Price has recently tested a strong historical support level near the 140.00–139.50 area. This level has shown significant buying interest in the past, and early signs of a potential bullish reaction are forming.
Short-Term Bounce Expected
The chart suggests a possible short-term bullish pullback from the support zone. If buyers maintain control, price may head toward the resistance area near 147.70, which aligns with a previous demand-turned-supply zone.
Key Resistance Ahead
The marked resistance level at 147.70 will be a crucial zone to watch. A rejection from this area may resume the broader downtrend, whereas a breakout could shift momentum to the upside.
Moving Averages Show Bearish Bias
Both the 50-day and 200-day moving averages are sloping downward, reinforcing the prevailing bearish trend. Any bullish move could be corrective unless price breaks above these dynamic resistance levels.
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Trade active
From 140$Note
Price Touched 144$Trade closed: target reached
400 Pips+ Achieved From 140$ To 144$
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t.me/FxInsightsHub0
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Related publications
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.