USD/JPY 1-hour timeframe with technical analysis applied.
1. Downtrend Confirmation: The price has been declining after reaching a peak (marked by a red arrow and yellow circle), suggesting a strong resistance level.
2. Trendlines and Channels:
The black and red trendlines represent resistance levels.
The blue and green trendlines indicate possible support zones.
The price has been moving within a descending channel.
3. Current Price Level: USD/JPY is at 150.021, continuing the downtrend.
4. Possible Scenarios:
If the price breaks below the lower trendline, further downside movement could occur.
A breakout above the black/red resistance trendline might indicate a bullish reversal.
5. Resistance at 155.203: If the price recovers, the 155.203 level could act as a major resistance.
This analysis suggests that USD/JPY is in a bearish phase unless a breakout occurs. Would you like help formulating a trade idea based on this?
2. Trendlines and Channels:
The black and red trendlines represent resistance levels.
The blue and green trendlines indicate possible support zones.
The price has been moving within a descending channel.
3. Current Price Level: USD/JPY is at 150.021, continuing the downtrend.
4. Possible Scenarios:
If the price breaks below the lower trendline, further downside movement could occur.
A breakout above the black/red resistance trendline might indicate a bullish reversal.
5. Resistance at 155.203: If the price recovers, the 155.203 level could act as a major resistance.
This analysis suggests that USD/JPY is in a bearish phase unless a breakout occurs. Would you like help formulating a trade idea based on this?
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.