USD/JPY H1 Technical Analysis: Accelerated Bearish Momentum

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Looking at the H1 timeframe for USD/JPY, we're seeing a significant bearish momentum with several key technical developments:

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

Feragatname

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