USD/JPY has dropped into a strong support zone around 143.00–142.80, which previously acted as a significant demand area. The current price action shows signs of potential exhaustion in the bearish move and could lead to a bullish reversal.
If price holds above this support zone, we could see a rebound targeting several key resistance levels.
Trade Setup:
Entry Zone (Buy): 143.00 – 143.40
Stop Loss: Below 142.50
Target 1: 145.00
Target 2: 147.10
Final Target: 150.35 – 152.35
Risk to Reward: 1:3+
Technical Analysis:
Price at major support zone
Bullish rejection candles forming
Clean resistance levels ahead for potential scaling out
Strong reward-to-risk profile
Disclaimer:
This is not financial advice. Use proper risk management and confirm with your own analysis.
If price holds above this support zone, we could see a rebound targeting several key resistance levels.
Trade Setup:
Entry Zone (Buy): 143.00 – 143.40
Stop Loss: Below 142.50
Target 1: 145.00
Target 2: 147.10
Final Target: 150.35 – 152.35
Risk to Reward: 1:3+
Technical Analysis:
Price at major support zone
Bullish rejection candles forming
Clean resistance levels ahead for potential scaling out
Strong reward-to-risk profile
Disclaimer:
This is not financial advice. Use proper risk management and confirm with your own analysis.
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t.me/Liam_JonesCryptoFXTrader
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
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.
Upgrade Your Trading with Us
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
Get powerful Forex & Crypto signals, live analysis, and expert strategies — all shared directly on our Telegram Channel.
Join the community and trade smarter every day.👇👇
t.me/Liam_JonesCryptoFXTrader
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.