USD/JPY Technical Analysis (Daily Chart)
- Current Price: 146.855 (-0.80%)
- Key Levels:
- Demand Zone: 146.00 - 147.00
- Support Area: 143.413
- 1st Target: 148.681
- 2nd Target: 151.214
Analysis:
The price is approaching a key demand zone where buyers may step in. A potential double-bottom formation could indicate a reversal. If the price holds above this zone, bullish momentum may target 148.681 as the first resistance, followed by 151.214. A breakdown below 146.00 could signal further downside toward the 143.413 support level.
Outlook:
Bullish bias if demand zone holds, but confirmation needed before long positions.
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- Current Price: 146.855 (-0.80%)
- Key Levels:
- Demand Zone: 146.00 - 147.00
- Support Area: 143.413
- 1st Target: 148.681
- 2nd Target: 151.214
Analysis:
The price is approaching a key demand zone where buyers may step in. A potential double-bottom formation could indicate a reversal. If the price holds above this zone, bullish momentum may target 148.681 as the first resistance, followed by 151.214. A breakdown below 146.00 could signal further downside toward the 143.413 support level.
Outlook:
Bullish bias if demand zone holds, but confirmation needed before long positions.
If you enjoy, press the like button.
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