🔍 Chart Overview:
The USD/JPY pair is currently trading within a clear descending channel, indicating sustained bearish momentum. The price action has formed consistent lower highs and lower lows, respecting both the upper resistance and lower support boundaries of the channel.
📊 Key Technical Observations:
Range Formation:
Initially, the pair moved sideways in a consolidation range before breaking structure to the downside — marking the transition from accumulation to distribution.
CHoCH (Change of Character):
The CHoCH confirms a shift in market sentiment from bullish to bearish, validating the start of the current downtrend.
Resistance Rejection:
Price recently rejected from the channel resistance area around 152.10 – 152.50, showing seller dominance and continuation of bearish control.
Current Price Action:
The pair is now approaching the lower boundary of the bearish channel near 150.00, a strong psychological and technical support zone.
📉 Projection:
The forecast on the chart suggests a potential minor pullback toward 150.70 – 151.00 before resuming its downward move toward 150.00 support.
A clean break below 150.00 could extend the decline toward 149.50 or even lower.
However, if 150.00 holds, we could see a short-term bullish correction back to mid-channel levels.
⚙️ Trading Outlook:
Bias: Bearish continuation within channel
Resistance Zone: 151.10 – 151.50
Support Zone: 150.00 (key psychological level)
Next Targets:
✅ First target: 150.00
⚠️ Second target (if breakdown): 149.50
The USD/JPY pair is currently trading within a clear descending channel, indicating sustained bearish momentum. The price action has formed consistent lower highs and lower lows, respecting both the upper resistance and lower support boundaries of the channel.
📊 Key Technical Observations:
Range Formation:
Initially, the pair moved sideways in a consolidation range before breaking structure to the downside — marking the transition from accumulation to distribution.
CHoCH (Change of Character):
The CHoCH confirms a shift in market sentiment from bullish to bearish, validating the start of the current downtrend.
Resistance Rejection:
Price recently rejected from the channel resistance area around 152.10 – 152.50, showing seller dominance and continuation of bearish control.
Current Price Action:
The pair is now approaching the lower boundary of the bearish channel near 150.00, a strong psychological and technical support zone.
📉 Projection:
The forecast on the chart suggests a potential minor pullback toward 150.70 – 151.00 before resuming its downward move toward 150.00 support.
A clean break below 150.00 could extend the decline toward 149.50 or even lower.
However, if 150.00 holds, we could see a short-term bullish correction back to mid-channel levels.
⚙️ Trading Outlook:
Bias: Bearish continuation within channel
Resistance Zone: 151.10 – 151.50
Support Zone: 150.00 (key psychological level)
Next Targets:
✅ First target: 150.00
⚠️ Second target (if breakdown): 149.50
Trade attivo
Analysis reached towards the target. another analysis coming soon.
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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.