JPYUSD is playing out a clean bearish structure on the 1H chart. After a sharp drop from the 0.006250+ highs on June 17–18, price has been grinding lower, creating consistent lower highs. Currently price has bounced into the Weekly Open / Heavy Selling Zone around 0.006195–0.006205, which aligns with the Monday Mid level — making this a high-confluence rejection area.
📊 Structure Breakdown:
Price broke down hard from the 0.006240–0.006250 supply cluster (Monday High + Resistance Zone) — multiple failed attempts to reclaim it confirm bearish control
The bounce from the Prev Week Low / Monday Low Support zone (~0.006180) was expected — price swept that low and is now retracing into the sell zone
Weekly Open at ~0.006200 is acting as a magnet for price — this is where Smart Money is defending with heavy sell orders
The annotation on the chart is precise: if price prints a bearish candle on 15M at this zone, it's a short trigger
🧠 Two Scenarios:
Scenario A — Bearish Continuation (Primary Bias):
Rejection from 0.006195–0.006205 (Weekly Open zone) with a 15M bearish confirmation → short toward 0.006180 → 0.006160 Support (Prev Week Low / Monday Low zone).
Scenario B — Bullish Breakout:
If price closes above 0.006210 (Monday High / Resistance) on the 1H with volume, the bearish setup is invalidated and price could push toward 0.006225–0.006250.
📌 Macro Context:
The Japanese Yen is hovering near its weakest levels since 1986 at around 161.5 per dollar, as repeated verbal intervention from Tokyo has failed to halt the currency's decline — even after the BOJ hiked rates by 25bps to 1.0% last week. The Yen remains under pressure from heavy carry-trade activity as investors continue to favour short Yen positions amid the still-wide interest rate gap between Japan and the US. This macro backdrop keeps JPYUSD (Yen) structurally weak — every bounce is a sell opportunity until the rate differential meaningfully narrows. TRADING ECONOMICSTRADING ECONOMICS
⚠️ Key Levels:
ZonePriceResistance (Active)0.006210 – 0.006215Heavy Sell Zone / Weekly Open0.006195 – 0.006205Monday Mid0.006193Prev Week Low / Support0.006180Monday Low / Deep Support0.006175
Not financial advice. Always manage your risk. Follow AlphaCapitalTrades for daily SMC-based analysis.
📊 Structure Breakdown:
Price broke down hard from the 0.006240–0.006250 supply cluster (Monday High + Resistance Zone) — multiple failed attempts to reclaim it confirm bearish control
The bounce from the Prev Week Low / Monday Low Support zone (~0.006180) was expected — price swept that low and is now retracing into the sell zone
Weekly Open at ~0.006200 is acting as a magnet for price — this is where Smart Money is defending with heavy sell orders
The annotation on the chart is precise: if price prints a bearish candle on 15M at this zone, it's a short trigger
🧠 Two Scenarios:
Scenario A — Bearish Continuation (Primary Bias):
Rejection from 0.006195–0.006205 (Weekly Open zone) with a 15M bearish confirmation → short toward 0.006180 → 0.006160 Support (Prev Week Low / Monday Low zone).
Scenario B — Bullish Breakout:
If price closes above 0.006210 (Monday High / Resistance) on the 1H with volume, the bearish setup is invalidated and price could push toward 0.006225–0.006250.
📌 Macro Context:
The Japanese Yen is hovering near its weakest levels since 1986 at around 161.5 per dollar, as repeated verbal intervention from Tokyo has failed to halt the currency's decline — even after the BOJ hiked rates by 25bps to 1.0% last week. The Yen remains under pressure from heavy carry-trade activity as investors continue to favour short Yen positions amid the still-wide interest rate gap between Japan and the US. This macro backdrop keeps JPYUSD (Yen) structurally weak — every bounce is a sell opportunity until the rate differential meaningfully narrows. TRADING ECONOMICSTRADING ECONOMICS
⚠️ Key Levels:
ZonePriceResistance (Active)0.006210 – 0.006215Heavy Sell Zone / Weekly Open0.006195 – 0.006205Monday Mid0.006193Prev Week Low / Support0.006180Monday Low / Deep Support0.006175
Not financial advice. Always manage your risk. Follow AlphaCapitalTrades for daily SMC-based analysis.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.