USD/JPY Technical Analysis (4H Chart)
Resistance Rejection at 151.50
- The price tested the 151.50 resistance zone but failed to break through, leading to a potential bearish rejection.
- The red zone highlights a strong supply area, where selling pressure has historically increased.
Possible Bearish Move
- If the price continues to reject resistance, we could see a drop towards the 148.80 and 147.40 support levels.
- A confirmed bearish candlestick pattern in this zone could strengthen the case for a short position.
Breakout Scenario
- If bulls manage to push the price above 151.50, we may see a continuation towards new highs.
- A daily close above this level would invalidate the bearish outlook and suggest further upside potential.
Key Levels to Watch
- Resistance: 151.50
- Support Levels: 148.80, 147.40
📌 Watch for price action confirmation before taking any trade decisions!
If you enjoy, press the like button.
Resistance Rejection at 151.50
- The price tested the 151.50 resistance zone but failed to break through, leading to a potential bearish rejection.
- The red zone highlights a strong supply area, where selling pressure has historically increased.
Possible Bearish Move
- If the price continues to reject resistance, we could see a drop towards the 148.80 and 147.40 support levels.
- A confirmed bearish candlestick pattern in this zone could strengthen the case for a short position.
Breakout Scenario
- If bulls manage to push the price above 151.50, we may see a continuation towards new highs.
- A daily close above this level would invalidate the bearish outlook and suggest further upside potential.
Key Levels to Watch
- Resistance: 151.50
- Support Levels: 148.80, 147.40
📌 Watch for price action confirmation before taking any trade decisions!
If you enjoy, press the like button.
Trade active
Note
Note
Once again i took a trade from 150.900 , this is resistance level ,target or 100 pips+ achieved.
Trade closed: target reached
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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.
💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
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.