USD/JPY Bearish Scenario Analysis
Trend: Downtrend (bearish bias confirmed by lower highs and lower lows on the daily timeframe)
Current Price Action: After a failed attempt to sustain above the 148.200 resistance level, USD/JPY has shown rejection patterns such as bearish engulfing candles and increasing selling volume. Price is now breaking below key moving averages (e.g., 50 and 100 EMA), confirming momentum shift to the downside
Key Technical Levels
Resistance: 148.200 – Strong supply zone, multiple rejections seen here.
1st Bearish Target: 143.900 – Recent swing low and minor support zone; break below confirms bearish continuation.
2nd Bearish Target: 141.600 – Major horizontal support from previous consolidation area.
Support: 140.100 – Long-term support level; likely to attract strong buying interest or signal a trend exhaustion.
Bearish Scenario Setup
1. Entry Zone: Between 147.500 - 147.800 (pullback/retest of broken structure)
2. Stop Loss: Above 148.500 (just beyond the resistance zone to avoid false breakouts)
3. Take Profit Targets:
TP1: 143.900
TP2: 141.600
4. Bonus Target (extended move): 140.100 – if selling momentum continues and macro conditions favor JPY strength.
Trend: Downtrend (bearish bias confirmed by lower highs and lower lows on the daily timeframe)
Current Price Action: After a failed attempt to sustain above the 148.200 resistance level, USD/JPY has shown rejection patterns such as bearish engulfing candles and increasing selling volume. Price is now breaking below key moving averages (e.g., 50 and 100 EMA), confirming momentum shift to the downside
Key Technical Levels
Resistance: 148.200 – Strong supply zone, multiple rejections seen here.
1st Bearish Target: 143.900 – Recent swing low and minor support zone; break below confirms bearish continuation.
2nd Bearish Target: 141.600 – Major horizontal support from previous consolidation area.
Support: 140.100 – Long-term support level; likely to attract strong buying interest or signal a trend exhaustion.
Bearish Scenario Setup
1. Entry Zone: Between 147.500 - 147.800 (pullback/retest of broken structure)
2. Stop Loss: Above 148.500 (just beyond the resistance zone to avoid false breakouts)
3. Take Profit Targets:
TP1: 143.900
TP2: 141.600
4. Bonus Target (extended move): 140.100 – if selling momentum continues and macro conditions favor JPY strength.
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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.