USD/JPY Technical Analysis (Daily Chart)
- Current Price: 146.855 (-0.80%)
- Key Levels:
- Demand Zone: 146.00 - 147.00
- Support Area: 143.413
- 1st Target: 148.681
- 2nd Target: 151.214
Analysis:
The price is approaching a key demand zone where buyers may step in. A potential double-bottom formation could indicate a reversal. If the price holds above this zone, bullish momentum may target 148.681 as the first resistance, followed by 151.214. A breakdown below 146.00 could signal further downside toward the 143.413 support level.
Outlook:
Bullish bias if demand zone holds, but confirmation needed before long positions.
If you enjoy, press the like button.
- Current Price: 146.855 (-0.80%)
- Key Levels:
- Demand Zone: 146.00 - 147.00
- Support Area: 143.413
- 1st Target: 148.681
- 2nd Target: 151.214
Analysis:
The price is approaching a key demand zone where buyers may step in. A potential double-bottom formation could indicate a reversal. If the price holds above this zone, bullish momentum may target 148.681 as the first resistance, followed by 151.214. A breakdown below 146.00 could signal further downside toward the 143.413 support level.
Outlook:
Bullish bias if demand zone holds, but confirmation needed before long positions.
If you enjoy, press the like button.
Trade active
Note
Congratulations guys, trade running 100 pips+ profit Note
Note
Trade closed: target reached
Related publications
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.
Related publications
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.