USD/JPY Looking Downwards
#trading_idea #USDJPY 💡
#USDJPY - Outlook
On the 1H chart, the pair is trading within a descending channel, indicating continued bearish momentum. The price is below both the 50-period and 20-period moving averages, confirming a strong downtrend, while the MACD remains below the signal line with negative histogram values. The Bull Bear Power indicator shows slightly improving readings, suggesting a possible weakening of the bearish pressure.
🔽If the price breaks below the support level of 143.00, further decline towards the next support at 142.50 is possible.
🔼Otherwise, If the price fails to break below 143.00 and begins to bounce back, a rise towards the resistance level of 144.00 is likely.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
#USDJPY - Outlook
On the 1H chart, the pair is trading within a descending channel, indicating continued bearish momentum. The price is below both the 50-period and 20-period moving averages, confirming a strong downtrend, while the MACD remains below the signal line with negative histogram values. The Bull Bear Power indicator shows slightly improving readings, suggesting a possible weakening of the bearish pressure.
🔽If the price breaks below the support level of 143.00, further decline towards the next support at 142.50 is possible.
🔼Otherwise, If the price fails to break below 143.00 and begins to bounce back, a rise towards the resistance level of 144.00 is likely.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.