USD/JPY 4H Bearish Setup – Channel Breakdown ExpectedThe chart shows USD/JPY in a rising channel with a projected bearish reversal setup forming. Here’s a breakdown:
🔹 Current Price: 148.83
🔹 Pattern Observed:
The pair is trading inside a rising channel.
A potential double top or lower high formation near the top of the channel suggests weakening bullish momentum.
Price may break down through the channel support.
🔻 Bearish Scenario (as shown by the blue arrow):
1. Initial drop expected to the support zone around:
146.60 – 146.54
Minor consolidation possible at this level.
2. If broken, next target zone is:
144.96 – 144.85
🔑 Key Levels:
Resistance Zone: 149.80–150.00 (highlighted in yellow)
Support Levels:
First: 146.60
Second: 144.96
✅ Bearish Confirmation:
A 4H candle close below 146.60 would confirm the bearish move.
Watch Ichimoku cloud — if price breaks and closes below the cloud, it will strengthen the downtrend.
