U.S. Dollar / Japanese Yen
Short
Updated

USD/JPY.2h chart pattern

560
I'm provided for USD/JPY on the 2-hour timeframe, here is a detailed breakdown and target analysis:


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🔍 Technical Analysis Summary

Pair: USD/JPY

Timeframe: 2H

Current Price: ~144.98

Trend: Bearish

Breakdown Confirmation: Price broke structure support and the ascending trendline.

Indicators: Price is below the Ichimoku cloud, confirming bearish momentum.



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🎯 Identified Targets (Based on Your Chart)

1st Target Level (Nearest Support Zone):

Price Level: Around 143.50

This is the first horizontal red line marked as a "Target" on your chart.

Likely to act as a short-term support level.


2nd Target Level (Major Support):

Price Level: Around 142.00

This is the second and lower red line marked on your chart.

Strong historical support zone based on previous consolidation.



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✅ Final Target Levels

Target # Price Level Description

Target 1 143.50 Initial support; take partial profit here
Target 2 142.00 Major target; potential reversal/support zone



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