USD/JPY Technical Analysis - Reversal Points
Currently, USD/JPY is in a bearish momentum, meaning the price is moving downward. Once this bearish move ends, a bullish reversal is expected. I have marked two key zones where a potential reversal could occur.
Potential Reversal Zones (Support Levels):
1. 146.500 - 147.500 → A critical support area where price may bounce and start a bullish move.
2. 143.500 - 144.500 → If the price continues downward, this is the next key level where a bullish reversal could happen.
Bullish Targets (Resistance Levels):
If a reversal occurs, I expect the price to reach:
1. 156.000 - 157.500 → The first major resistance level.
2. 161.500 - 162.000 → If bullish momentum strengthens, the price may push toward this level.
Conclusion:
USD/JPY is expected to remain bearish until it reaches one of the identified support zones. If a bullish signal appears at these levels, the price could then push toward the mentioned resistance zones. 🚀
Potential Reversal Zones (Support Levels):
1. 146.500 - 147.500 → A critical support area where price may bounce and start a bullish move.
2. 143.500 - 144.500 → If the price continues downward, this is the next key level where a bullish reversal could happen.
Bullish Targets (Resistance Levels):
If a reversal occurs, I expect the price to reach:
1. 156.000 - 157.500 → The first major resistance level.
2. 161.500 - 162.000 → If bullish momentum strengthens, the price may push toward this level.
Conclusion:
USD/JPY is expected to remain bearish until it reaches one of the identified support zones. If a bullish signal appears at these levels, the price could then push toward the mentioned resistance zones. 🚀
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.
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.