USDJPY Technical Analysis: Bearish Pressure Builds Below Resistance, Weak Low in Focus
USDJPY remains under clear short-term bearish pressure on the 1H chart as price continues printing lower highs and struggling to reclaim nearby supply. The latest structure shows a failed bounce into resistance around 0.00636–0.00638, followed by renewed selling pressure back toward the weak low zone near 0.00633.
From a price action perspective, the market is respecting a bearish order flow. Multiple BOS and ChoCH markings suggest that buyers are losing control, while each recovery attempt is being capped before price can challenge the higher resistance block. This keeps the downside scenario valid as long as price stays below 0.00636–0.00638.
The key level to watch now is 0.00633. If this weak low is broken cleanly, the next downside target could extend toward 0.00630 and potentially lower liquidity below that area. On the other hand, if price sweeps the low and quickly reclaims 0.00633, the move could become a liquidity grab rather than a full bearish continuation.
Important resistance levels:
0.00636
0.00638
0.00641–0.00643
Important support levels:
0.00633
0.00630
0.006295
Trading idea:
Bearish bias remains favored while price trades below 0.00636. A rejection from the 0.00636–0.00638 zone may offer continuation opportunities toward 0.00630. Bulls only regain short-term control if price reclaims and holds above the nearby supply zone with strong momentum.
This setup is currently more consistent with sell-the-rally behavior than trend reversal. Watch how price reacts at the weak low, because that area may decide whether the market delivers a clean breakdown or a temporary liquidity sweep.
Remember to save this analysis if you find it useful, and follow for more gold and forex trading strategies.
USDJPY remains under clear short-term bearish pressure on the 1H chart as price continues printing lower highs and struggling to reclaim nearby supply. The latest structure shows a failed bounce into resistance around 0.00636–0.00638, followed by renewed selling pressure back toward the weak low zone near 0.00633.
From a price action perspective, the market is respecting a bearish order flow. Multiple BOS and ChoCH markings suggest that buyers are losing control, while each recovery attempt is being capped before price can challenge the higher resistance block. This keeps the downside scenario valid as long as price stays below 0.00636–0.00638.
The key level to watch now is 0.00633. If this weak low is broken cleanly, the next downside target could extend toward 0.00630 and potentially lower liquidity below that area. On the other hand, if price sweeps the low and quickly reclaims 0.00633, the move could become a liquidity grab rather than a full bearish continuation.
Important resistance levels:
0.00636
0.00638
0.00641–0.00643
Important support levels:
0.00633
0.00630
0.006295
Trading idea:
Bearish bias remains favored while price trades below 0.00636. A rejection from the 0.00636–0.00638 zone may offer continuation opportunities toward 0.00630. Bulls only regain short-term control if price reclaims and holds above the nearby supply zone with strong momentum.
This setup is currently more consistent with sell-the-rally behavior than trend reversal. Watch how price reacts at the weak low, because that area may decide whether the market delivers a clean breakdown or a temporary liquidity sweep.
Remember to save this analysis if you find it useful, and follow for more gold and forex trading strategies.
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🪙 JOIN OUR FREE TELEGRAM GROUP 🪙
t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
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t.me/dnaprofits
Join the community group to get support and share knowledge!
️🥇 Exchange and learn market knowledge
️🥇 Support free trading signals
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.