[b]USDJPY 2D:[/b] [i]Technical Analysis
TREND OVERVIEW
RESISTANCE:
SUPPORT:
PRICE ACTION
TRADE PLAN
- Downtrend with moderate confidence (38.1%)
- Trend Score: -80 = entering a downtrend
- Key resistance at 160.84 (PIVOT HIGH)
RESISTANCE:
- 161.95 (Stop-loss Zone)
- 160.84 (PIVOT HIGH)
- 158.60 (Supply Zone)
SUPPORT:
- 154.34 (TP 1)
- 150.76 (TP 2 / MID PIVOT)
- 148.12 (TP 3)
- 144.05 (TP 4)
- Critical Support: 140.55
- 139.57 (PIVOT LOW / BUY STOPLOSS)
PRICE ACTION
- A close below 154.34 confirms bearish continuation.
- Supply Zones at 160.84 and 158.60 holds firm, limiting upside potential.
- Bearish momentum aligns with the trend, targeting TP levels.
TRADE PLAN
- Enter short positions targeting TP 1–4.
- Stop-loss: 161.95 (Above key resistance).
- Monitor 140.55 for possible bullish reversal.
Professor C. E. Ward
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.
Professor C. E. Ward
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.