June 6, 2025 | Short-Term Bias: Bearish
USDJPY is currently trading around 144.16, testing a key supply zone between 144.25 – 144.45. This area has historically acted as a strong resistance, and we’re now seeing signs of exhaustion after a solid bullish run from the 142.90 demand zone.
🔍 Technical Highlights:
Price is inside a high-probability supply zone, with clear historical rejection at this level.
A strong bearish risk-reward setup is in play, with the target at 142.90 and a stop above 144.456.
The volume profile shows high activity around 144.00–144.25, hinting at possible consolidation or distribution.
Previous structure confirms this level has served as a seller’s stronghold.
📉 Bias:
Leaning bearish as long as price remains below 144.456.
A break and close above that level would invalidate this setup and shift the bias to bullish, targeting the 145.00+ area.
📌 Trade Idea (Not Financial Advice):
Entry: Current level (~144.16)
SL: Above 144.456
TP: 142.90
Let’s see if sellers step in again here, or if bulls are ready to break through. ⚔️
Drop your thoughts below! 👇
USDJPY is currently trading around 144.16, testing a key supply zone between 144.25 – 144.45. This area has historically acted as a strong resistance, and we’re now seeing signs of exhaustion after a solid bullish run from the 142.90 demand zone.
🔍 Technical Highlights:
Price is inside a high-probability supply zone, with clear historical rejection at this level.
A strong bearish risk-reward setup is in play, with the target at 142.90 and a stop above 144.456.
The volume profile shows high activity around 144.00–144.25, hinting at possible consolidation or distribution.
Previous structure confirms this level has served as a seller’s stronghold.
📉 Bias:
Leaning bearish as long as price remains below 144.456.
A break and close above that level would invalidate this setup and shift the bias to bullish, targeting the 145.00+ area.
📌 Trade Idea (Not Financial Advice):
Entry: Current level (~144.16)
SL: Above 144.456
TP: 142.90
Let’s see if sellers step in again here, or if bulls are ready to break through. ⚔️
Drop your thoughts 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.