Technical analysis for USD/JPY on the 4-hour timeframe, showing a rejection from a descending trendline with potential downside movement. Here's a breakdown of the analysis:
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Technical Overview
1. Descending Channel Formation
Price is moving within a descending wedge/channel.
A rejection from the upper trendline (red arrow) suggests continuation of the broader downtrend.
2. Resistance & EMA Confluence
Price is struggling around 144.80, with resistance from the 200 EMA (144.446) and 50 EMA (144.415) acting as dynamic resistance.
This confluence strengthens bearish sentiment.
3. Bearish Price Projection
The chart anticipates a decline toward:
First target point: 144.003 – a short-term support area.
Second target point: 142.827 – key horizontal support and base of the wedge.
4. Support Level
Key support trendline holding price previously is being eyed for potential bounce or breakdown.
5. RSI Momentum
RSI is neutral to slightly bearish (53.79), showing room for a downside move without being oversold.
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Conclusion / Idea Summary
Bias: Bearish
Entry Zone: Near current price after rejection (~144.80)
Targets:
First: 144.00
Final: 142.83
Invalidation: Break above the upper trendline (~145.20) or sustained close above the 200 EMA
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---
Technical Overview
1. Descending Channel Formation
Price is moving within a descending wedge/channel.
A rejection from the upper trendline (red arrow) suggests continuation of the broader downtrend.
2. Resistance & EMA Confluence
Price is struggling around 144.80, with resistance from the 200 EMA (144.446) and 50 EMA (144.415) acting as dynamic resistance.
This confluence strengthens bearish sentiment.
3. Bearish Price Projection
The chart anticipates a decline toward:
First target point: 144.003 – a short-term support area.
Second target point: 142.827 – key horizontal support and base of the wedge.
4. Support Level
Key support trendline holding price previously is being eyed for potential bounce or breakdown.
5. RSI Momentum
RSI is neutral to slightly bearish (53.79), showing room for a downside move without being oversold.
---
Conclusion / Idea Summary
Bias: Bearish
Entry Zone: Near current price after rejection (~144.80)
Targets:
First: 144.00
Final: 142.83
Invalidation: Break above the upper trendline (~145.20) or sustained close above the 200 EMA
Feedback My idea like and comment's 🙏
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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。