Technical analysis for USD/JPY on the 1-hour timeframe. Here’s a breakdown of the idea and the reasoning behind it:
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🔍 Technical Breakdown
1. Resistance Zone (Red Arrows):
Price has rejected the 145.50 resistance zone multiple times, creating a strong horizontal resistance level.
This rejection suggests that sellers are defending this zone aggressively.
2. Current Price Action:
A bear flag or wedge pattern is forming after a minor upward correction, suggesting a potential continuation to the downside.
Price is below the 200 EMA (144.08), and just around the 50 EMA (143.94), hinting at bearish bias.
3. Support Level:
Clear horizontal support is marked around 142.40, which acts as the target point.
If price breaks the flag/wedge to the downside, a move toward this level is expected.
4. RSI Indicator:
RSI (14) is around 55–57, slightly bullish but still neutral.
No overbought condition, so there's room for a drop.
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📉 Forecasted Move
Short-Term Bullish Bounce: Price may spike toward the resistance again (~145.50), offering a short entry opportunity.
Main Idea: A rejection from the resistance level would likely trigger a drop back toward the target at 142.409, a potential 2.09% downside.
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🧠 Trading Idea Summary
Bias: Bearish
Entry Idea: Near resistance zone (145.00–145.50), once rejection is confirmed.
Target: 142.409 support
Stop-Loss: Above resistance (~145.70 or higher)
Confirmation: Breakdown from the flag/wedge and rejection from resistance
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---
🔍 Technical Breakdown
1. Resistance Zone (Red Arrows):
Price has rejected the 145.50 resistance zone multiple times, creating a strong horizontal resistance level.
This rejection suggests that sellers are defending this zone aggressively.
2. Current Price Action:
A bear flag or wedge pattern is forming after a minor upward correction, suggesting a potential continuation to the downside.
Price is below the 200 EMA (144.08), and just around the 50 EMA (143.94), hinting at bearish bias.
3. Support Level:
Clear horizontal support is marked around 142.40, which acts as the target point.
If price breaks the flag/wedge to the downside, a move toward this level is expected.
4. RSI Indicator:
RSI (14) is around 55–57, slightly bullish but still neutral.
No overbought condition, so there's room for a drop.
---
📉 Forecasted Move
Short-Term Bullish Bounce: Price may spike toward the resistance again (~145.50), offering a short entry opportunity.
Main Idea: A rejection from the resistance level would likely trigger a drop back toward the target at 142.409, a potential 2.09% downside.
---
🧠 Trading Idea Summary
Bias: Bearish
Entry Idea: Near resistance zone (145.00–145.50), once rejection is confirmed.
Target: 142.409 support
Stop-Loss: Above resistance (~145.70 or higher)
Confirmation: Breakdown from the flag/wedge and rejection from resistance
---
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。