📊 USD/JPY - 1H Chart Analysis
🔹 Current Price: 148.242
🔹 Market Structure: Testing a key resistance/supply zone
📍 Key Levels to Watch:
🔻 Resistance Zone (Sell Area): 148.083 - 148.236
🟢 Support Zone (Buy Area): 146.797
📈 Bullish Scenario:
✅ If USD/JPY breaks and holds above 148.236, it may rally towards 149.247 as the next target.
📉 Bearish Scenario:
🔻 A rejection at the 148.083 - 148.236 zone could send the price back down towards 146.797.
💡 Trading Plan:
🎯 Buy Setup: Break & retest of 148.236 for continuation toward 149.247.
🎯 Sell Setup: Rejection at the supply zone for a short trade targeting 146.797.
🎯 Risk Management: Stop-loss above resistance for shorts, below support for longs.
#FXFOREVER #USDJPY #ForexTrading #TechnicalAnalysis
🔹 Current Price: 148.242
🔹 Market Structure: Testing a key resistance/supply zone
📍 Key Levels to Watch:
🔻 Resistance Zone (Sell Area): 148.083 - 148.236
🟢 Support Zone (Buy Area): 146.797
📈 Bullish Scenario:
✅ If USD/JPY breaks and holds above 148.236, it may rally towards 149.247 as the next target.
📉 Bearish Scenario:
🔻 A rejection at the 148.083 - 148.236 zone could send the price back down towards 146.797.
💡 Trading Plan:
🎯 Buy Setup: Break & retest of 148.236 for continuation toward 149.247.
🎯 Sell Setup: Rejection at the supply zone for a short trade targeting 146.797.
🎯 Risk Management: Stop-loss above resistance for shorts, below support for longs.
#FXFOREVER #USDJPY #ForexTrading #TechnicalAnalysis
fxforever
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.
fxforever
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.