USD/JPY (1H) – Technical Analysis Breakdown
Market Structure & Trend:
The USD/JPY pair recently completed a sharp bearish leg (marked by the downward blue arrow), which pushed price from above 149.50 down to the 146.00 region. This move created a clean lower low, signaling a temporary bearish trend. However, price has since recovered, forming a bullish channel (black lines), indicating a shift in momentum to the upside.
Market Structure & Trend:
The USD/JPY pair recently completed a sharp bearish leg (marked by the downward blue arrow), which pushed price from above 149.50 down to the 146.00 region. This move created a clean lower low, signaling a temporary bearish trend. However, price has since recovered, forming a bullish channel (black lines), indicating a shift in momentum to the upside.
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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.
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.