📊 USDJPY – Weekly Outlook
Chart Analysis
The previous weekly candle closed strong bearish, signaling potential momentum continuation toward a new low around 143.900. However, there's a high probability that early-week price action (Monday–Tuesday) could revisit the previous week’s upper wick zone, between 146.800–147.900, before sellers step in.
🔹 Three key scenarios mapped on chart:
🟡 Bullish pullback before continuation lower
🔵 Range-bound price action
🔴 Immediate continuation to the downside
🧠 Key Levels:
Weekly Resistance: 148.635
Mid Zone/Weekly Sellers Area: 146.704–147.400
Weekly Support Zone: 143.960 – 142.789
⚠️ I’ll be monitoring Monday and Tuesday closely for reaction within the upper wick region to gauge strength or weakness. Patience will be key as structure unfolds.
💬 Feel free to drop your thoughts or chart setups below ⬇️
Chart Analysis
The previous weekly candle closed strong bearish, signaling potential momentum continuation toward a new low around 143.900. However, there's a high probability that early-week price action (Monday–Tuesday) could revisit the previous week’s upper wick zone, between 146.800–147.900, before sellers step in.
🔹 Three key scenarios mapped on chart:
🟡 Bullish pullback before continuation lower
🔵 Range-bound price action
🔴 Immediate continuation to the downside
🧠 Key Levels:
Weekly Resistance: 148.635
Mid Zone/Weekly Sellers Area: 146.704–147.400
Weekly Support Zone: 143.960 – 142.789
⚠️ I’ll be monitoring Monday and Tuesday closely for reaction within the upper wick region to gauge strength or weakness. Patience will be key as structure unfolds.
💬 Feel free to drop your thoughts or chart setups below ⬇️
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.