"USD/JPY Near Major Resistance – What’s Next for Traders?"

25 Mar

USD/JPY Technical Analysis (4H Chart)

Resistance Rejection at 151.50

- The price tested the 151.50 resistance zone but failed to break through, leading to a potential bearish rejection.
- The red zone highlights a strong supply area, where selling pressure has historically increased.

Possible Bearish Move
- If the price continues to reject resistance, we could see a drop towards the 148.80 and 147.40 support levels.
- A confirmed bearish candlestick pattern in this zone could strengthen the case for a short position.

Breakout Scenario
- If bulls manage to push the price above 151.50, we may see a continuation towards new highs.
- A daily close above this level would invalidate the bearish outlook and suggest further upside potential.

Key Levels to Watch

- Resistance: 151.50
- Support Levels: 148.80, 147.40

📌 Watch for price action confirmation before taking any trade decisions!


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25 Mar

İşlem aktif

25 Mar

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29 Mar

Not

Once again i took a trade from 150.900 , this is resistance level ,
target or 100 pips+ achieved.

31 Mar

İşlem kapandı: hedefe ulaştı