HELLO TRADERS
The chart shows the U.S. Dollar/Japanese Yen pair in an ascending channel, with a strong fall followed by a bullish rally. Currently, the price is near the resistance line at 156.770, where it faces potential downward pressure, indicated by a bearish flag. A break below this could push the price to the support zone near 152.656, with a further downside target at 151.451. However, if the bullish trend resumes, a breakout above 156.770 could drive prices towards 158.615. Market sentiment, including the Fed’s and Japan's economic policies, will influence these movements.
The chart shows the U.S. Dollar/Japanese Yen pair in an ascending channel, with a strong fall followed by a bullish rally. Currently, the price is near the resistance line at 156.770, where it faces potential downward pressure, indicated by a bearish flag. A break below this could push the price to the support zone near 152.656, with a further downside target at 151.451. However, if the bullish trend resumes, a breakout above 156.770 could drive prices towards 158.615. Market sentiment, including the Fed’s and Japan's economic policies, will influence these movements.
Trade active
JPY touched the red resistance zone and dropped as expected, confirming the bearish flag pattern. Now, the focus is on breaking below 153.93 and further toward 152.65 to confirm the continuation of the downtrend.If these support levels fail to hold, the next potential target is around 151.45, aligning with the lower boundary of the support zone. However, if buyers step in around 153.93, a temporary consolidation could occur before the next move. Watching price action near these key levels will be crucial for confirming the next direction.
Trade closed: target reached
DONE, FULL TARGET 
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.
Profit isn’t about luck, it’s about strategy. Get free signals and trade smarter: Telegram Channel [t.me/ArinaMarketAnalysis].
The market is waiting—you can make money, and you should.
The market is waiting—you can make money, and you should.
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.