Technical analysis of USD/JPY (U.S. Dollar / Japanese Yen) chart, showing a recent downtrend with some key technical elements marked. Here's the breakdown:
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📊 Chart Analysis
Trend
The pair has been in a downtrend, confirmed by the lower highs and lower lows.
Both the 50 EMA (red line) and 200 EMA (blue line) are trending downward, indicating bearish momentum.
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🔍 Key Technical Features
1. Support Level
The horizontal blue lines marked as "support level" indicate a strong support zone around 142.000.
Price has tested this support multiple times, showing it’s a significant area of interest.
2. Downtrend Line
A descending trendline from the recent high is drawn, showing a clear resistance slope.
A breakout above this line would indicate potential trend reversal or a bullish correction.
3. Entry Point
The "entry point" arrow is suggesting a potential long (buy) trade setup if price breaks above the trendline and confirms above the support.
The expected move targets the previous high (~146.000) — likely the measured move or resistance target.
4. Red Down Arrow
Indicates a significant price rejection / peak — possibly a previous supply zone or news-based move.
5. Green Up Arrows
Indicate strong buy interest zones or demand, supporting the idea of a potential bounce.
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✅ Possible Trading Plan (Based on Chart)
Bullish Scenario (Buy):
Entry: On breakout above the descending trendline (around 143.00+).
Target: ~146.000 (previous swing high).
Stop-Loss: Below 142.000 support (safe buffer, e.g., 141.800).
Bearish Scenario (Sell):
If price fails to break above the trendline and closes below 142.000.
Could trigger further downside continuation.
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🧠 Technical Takeaway
This chart shows a potential reversal setup from a strong support area. A break above the descending trendline with confirmation could give a buy signal toward the previous high. However, failure at this level could lead to a continuation of the bearish trend.
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📊 Chart Analysis
Trend
The pair has been in a downtrend, confirmed by the lower highs and lower lows.
Both the 50 EMA (red line) and 200 EMA (blue line) are trending downward, indicating bearish momentum.
---
🔍 Key Technical Features
1. Support Level
The horizontal blue lines marked as "support level" indicate a strong support zone around 142.000.
Price has tested this support multiple times, showing it’s a significant area of interest.
2. Downtrend Line
A descending trendline from the recent high is drawn, showing a clear resistance slope.
A breakout above this line would indicate potential trend reversal or a bullish correction.
3. Entry Point
The "entry point" arrow is suggesting a potential long (buy) trade setup if price breaks above the trendline and confirms above the support.
The expected move targets the previous high (~146.000) — likely the measured move or resistance target.
4. Red Down Arrow
Indicates a significant price rejection / peak — possibly a previous supply zone or news-based move.
5. Green Up Arrows
Indicate strong buy interest zones or demand, supporting the idea of a potential bounce.
---
✅ Possible Trading Plan (Based on Chart)
Bullish Scenario (Buy):
Entry: On breakout above the descending trendline (around 143.00+).
Target: ~146.000 (previous swing high).
Stop-Loss: Below 142.000 support (safe buffer, e.g., 141.800).
Bearish Scenario (Sell):
If price fails to break above the trendline and closes below 142.000.
Could trigger further downside continuation.
---
🧠 Technical Takeaway
This chart shows a potential reversal setup from a strong support area. A break above the descending trendline with confirmation could give a buy signal toward the previous high. However, failure at this level could lead to a continuation of the bearish trend.
Feedback My idea like and comment's 🙏"
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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.
Join My Official Channel Link
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Join My Public Channel Link
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Join My Public Channel Link
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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.