Looking at the H1 timeframe for USD/JPY, we're seeing a significant bearish momentum with several key technical developments:
Market Structure:
Key Levels:
Technical Indicators:
Trading Considerations:
Market Structure:
- Strong bearish trend continuation after breaking below 151.00 support
- All moving averages aligned bearishly with accelerating downward slope
- Clear lower highs and lower lows structure
- Previous support levels being broken with momentum
Key Levels:
- Previous Support (Now Resistance): 151.229
- Current Price: ~150.15
- Next Major Support: 149.98
- Critical Resistance: 152.25 (Trend Line)
Technical Indicators:
- Volume showing increased selling pressure
- Momentum indicators in strong bearish territory
- Price trading well below all major moving averages
- Trend line resistance remains intact from previous highs
Trading Considerations:
- Strong bearish continuation in play
- Watch for potential retest of 151.00 as resistance
- Key psychological level at 150.00 could provide temporary support
- Monitor for any intervention risk given rapid JPY strengthening
I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
Happy Trading, and see you next time! 💹✨
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
I hope you’ve had a great day and that your screens were green. 🌟
Happy Trading, and see you next time! 💹✨
Happy Trading, and see you next time! 💹✨
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.