USD/JPY - Technical Analysis & Market Sentiment
📉 Bearish Bias
✅ Major Resistance at 150.734 - Price testing a key resistance, potential rejection. (+2)✅ Possible Head & Shoulders Formation - Bearish structure indicating a possible reversal. (+2)✅ Possible Lower High (LH) at Resistance - If price fails to break above 150.734, a downtrend continuation may occur. (+1)✅ Breakout Below Daily Trendline Would Confirm Bearish Move - If price moves below 149.791, downside may accelerate. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Key Resistance & Reversal Patterns - XTB
Market Structure & Trendline Analysis - IFC Markets
📈 Bullish Bias
✅ Daily Trendline Holding Support - Price bouncing off trendline, supporting bullish momentum. (+2)
✅ Higher High Formation (HH) at 150.734 - Price breaking new highs, indicating potential bullish continuation. (+2)
✅ USD Strength from Fed Policy - Market sentiment favors a stronger USD, supporting upside bias. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Trendline Support & Market Sentiment - RoboForex
USD Strength from Fed Policies - Reuters
📊 Sentiment & Market Factors
📉 BOJ Potential Intervention (- Bearish) - Bank of Japan may step in if JPY weakens further. Source
📈 Stronger USD from Fed Rate Expectations (+ Bullish) - Fed stance supporting USD strength. Source
📉 Key Resistance at 150.734 (- Bearish) - Major level that needs to break for further upside. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
✅ Major Resistance at 150.734 - Price testing a key resistance, potential rejection. (+2)✅ Possible Head & Shoulders Formation - Bearish structure indicating a possible reversal. (+2)✅ Possible Lower High (LH) at Resistance - If price fails to break above 150.734, a downtrend continuation may occur. (+1)✅ Breakout Below Daily Trendline Would Confirm Bearish Move - If price moves below 149.791, downside may accelerate. (+1)
🔻 Total Bearish Score: 6
📰 Sources:
Key Resistance & Reversal Patterns - XTB
Market Structure & Trendline Analysis - IFC Markets
📈 Bullish Bias
✅ Daily Trendline Holding Support - Price bouncing off trendline, supporting bullish momentum. (+2)
✅ Higher High Formation (HH) at 150.734 - Price breaking new highs, indicating potential bullish continuation. (+2)
✅ USD Strength from Fed Policy - Market sentiment favors a stronger USD, supporting upside bias. (+1)
🔹 Total Bullish Score: 5
📰 Sources:
Trendline Support & Market Sentiment - RoboForex
USD Strength from Fed Policies - Reuters
📊 Sentiment & Market Factors
📉 BOJ Potential Intervention (- Bearish) - Bank of Japan may step in if JPY weakens further. Source
📈 Stronger USD from Fed Rate Expectations (+ Bullish) - Fed stance supporting USD strength. Source
📉 Key Resistance at 150.734 (- Bearish) - Major level that needs to break for further upside. Source
📌 Final Bias: Slightly Bearish (Score: 6 vs 5)
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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.