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! 💹✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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! 💹✨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.