USDJPY: Bearish Break in Focus
Hello Traders,
Below is my analysis of USDJPY currency pair from H1 perspective.
Trend & Sentiment
USDJPY is in a strong downtrend, forming lower highs and lows. The recent break below 153.819 confirms bearish momentum, with sellers firmly in control.
Key Levels
Resistance: 153.962 (Minor), 154.653 (Major)
Support: 153.276
Possible Movement
Bearish Continuation: Likely toward 152.466 (target) as long as the price stays below 154.653.
Retracement Risk: Minor resistance at 153.962 may cap any short-term bounces.
Reversal Signal: A break above 154.653 could shift momentum to bullish.
Conclusion
The outlook remains bearish with a focus on 152.466, while resistance at 154.653 defines the trend's invalidation point.
Do let me have your thoughts.
Cheers and happy trading!
Below is my analysis of USDJPY currency pair from H1 perspective.
Trend & Sentiment
USDJPY is in a strong downtrend, forming lower highs and lows. The recent break below 153.819 confirms bearish momentum, with sellers firmly in control.
Key Levels
Resistance: 153.962 (Minor), 154.653 (Major)
Support: 153.276
Possible Movement
Bearish Continuation: Likely toward 152.466 (target) as long as the price stays below 154.653.
Retracement Risk: Minor resistance at 153.962 may cap any short-term bounces.
Reversal Signal: A break above 154.653 could shift momentum to bullish.
Conclusion
The outlook remains bearish with a focus on 152.466, while resistance at 154.653 defines the trend's invalidation point.
Do let me have your thoughts.
Cheers and happy trading!
Trade active
Outlook invalidated.Trade closed: target reached
Price moved +50pips in our direction hitting the 153.962 price region before making a U-turn. 
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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.
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.