The USDJPY currency pair is displaying a bearish sentiment, consistent with the broader downward trend. Price action is currently in a sideways consolidation phase, suggesting indecision as the market pauses before a potential directional move.
Key Resistance Level: 145.85 — This level represents a prior intraday consolidation zone and serves as a key pivot for the next move.
Support Targets: If the pair rallies toward 145.85 and is rejected, expect renewed bearish momentum targeting:
143.00 (initial support)
142.25 (intermediate support)
141.40 (long-term support level)
On the other hand, a confirmed breakout and daily close above 145.85 would invalidate the bearish outlook and suggest growing bullish momentum. In that scenario, price could aim for:
146.85 (near-term resistance)
147.60 (extended upside target)
Conclusion:
USDJPY remains technically bearish within a consolidation pattern. A rejection from the 145.85 resistance zone would confirm a continuation toward lower support levels. However, a daily close above 145.85 would shift sentiment to bullish, potentially triggering a retest of higher resistance levels. Traders should closely monitor the price reaction around the 145.85 level to confirm direction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Key Resistance Level: 145.85 — This level represents a prior intraday consolidation zone and serves as a key pivot for the next move.
Support Targets: If the pair rallies toward 145.85 and is rejected, expect renewed bearish momentum targeting:
143.00 (initial support)
142.25 (intermediate support)
141.40 (long-term support level)
On the other hand, a confirmed breakout and daily close above 145.85 would invalidate the bearish outlook and suggest growing bullish momentum. In that scenario, price could aim for:
146.85 (near-term resistance)
147.60 (extended upside target)
Conclusion:
USDJPY remains technically bearish within a consolidation pattern. A rejection from the 145.85 resistance zone would confirm a continuation toward lower support levels. However, a daily close above 145.85 would shift sentiment to bullish, potentially triggering a retest of higher resistance levels. Traders should closely monitor the price reaction around the 145.85 level to confirm direction.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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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.