USDJPY has touched the long-term descending trendline, and once again the market respected it perfectly.
Every time price comes near this trendline, sellers become active — showing this is a strong rejection zone that the market is still following.
This latest touch also created a sharp selloff, confirming the trendline’s strength.
✨ My View
As long as price stays below this descending trendline, my expectation remains bearish.
The market usually extends toward the next liquidity area once a strong rejection happens from such a major structure.
Based on the chart setup, my expectation level is:
🎯 154.700
This is the next natural support zone below current price, and the arrows on the chart reflect the typical flow after a trendline rejection.
The whole idea is very simple:
trendline touch → rejection → continuation down.
📘 Disclaimer
This is only my personal market approach, not financial advice.
Every time price comes near this trendline, sellers become active — showing this is a strong rejection zone that the market is still following.
This latest touch also created a sharp selloff, confirming the trendline’s strength.
✨ My View
As long as price stays below this descending trendline, my expectation remains bearish.
The market usually extends toward the next liquidity area once a strong rejection happens from such a major structure.
Based on the chart setup, my expectation level is:
🎯 154.700
This is the next natural support zone below current price, and the arrows on the chart reflect the typical flow after a trendline rejection.
The whole idea is very simple:
trendline touch → rejection → continuation down.
📘 Disclaimer
This is only my personal market approach, not financial advice.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.