USDJPY is showing signs of a bearish continuation, following a breakdown from a rising wedge pattern. The recent strong drop confirms a shift in momentum from bullish to bearish, with price now forming a bear flag just below a key structure.
Key Technical Zones:
Current Price: 147.78
Resistance Area (Invalidation Zone): 148.11 – 151.44
Support Targets:
TP1: 142.87
TP2: 140.11
Technical Confluence & Patterns:
✅ Series of Rising Wedges followed by sharp breakdowns
✅ Bear Flag Pattern forming after recent drop
✅ Lower highs & lower lows confirming downtrend
✅ Volume spike during breakdown, low volume on pullback
Trade Outlook:
📉 Bias: Bearish below 148.11
📌 Entry Zone: On confirmation of flag breakdown
🎯 Target 1: 142.87 – Previous horizontal support
🎯 Target 2: 140.11 – Major swing support / demand zone
🛑 Invalidation: Break above 151.44 (major resistance zone)
Conclusion:
USDJPY is set up for a potential bearish continuation as it respects a textbook flag breakdown setup. A close below 147.50 would reinforce bearish pressure with further downside toward 142.87 and 140.11. Traders should monitor momentum and structure confirmation before entering positions.
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Key Technical Zones:
Current Price: 147.78
Resistance Area (Invalidation Zone): 148.11 – 151.44
Support Targets:
TP1: 142.87
TP2: 140.11
Technical Confluence & Patterns:
✅ Series of Rising Wedges followed by sharp breakdowns
✅ Bear Flag Pattern forming after recent drop
✅ Lower highs & lower lows confirming downtrend
✅ Volume spike during breakdown, low volume on pullback
Trade Outlook:
📉 Bias: Bearish below 148.11
📌 Entry Zone: On confirmation of flag breakdown
🎯 Target 1: 142.87 – Previous horizontal support
🎯 Target 2: 140.11 – Major swing support / demand zone
🛑 Invalidation: Break above 151.44 (major resistance zone)
Conclusion:
USDJPY is set up for a potential bearish continuation as it respects a textbook flag breakdown setup. A close below 147.50 would reinforce bearish pressure with further downside toward 142.87 and 140.11. Traders should monitor momentum and structure confirmation before entering positions.
Let me know if you want a short caption or video script version! 📉
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🥇95% Accurate Signals
♻️1-2 Daily Signals
✔️Free Daily Profitable Signals
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Disclaimer
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