USD/JPY 4H Chart Analysis – Potential Breakdown or Reversal

**USD/JPY 4H Chart Analysis – Potential Breakdown or Reversal**

**Technical Summary:**
The chart shows USD/JPY trading within a rising channel, with recent price action indicating a possible bearish shift. Liquidity above a recent high has been taken, followed by a **change of character (CHoCH)** suggesting potential bearish intent.

**Key Highlights:**

* **Liquidity Grab:** Price swept prior highs, likely triggering buy-side liquidity.
* **CHoCH Identified:** Structure broke to the downside, indicating a bearish shift in market sentiment.
* **Critical Level:** A **4H close below 144.802** is crucial for confirmation of further downside movement.
* **Channel Support:** Price is currently testing the lower boundary of the ascending channel.
* **Scenarios:**

* **Bullish Case:** If the price respects the channel and pushes higher, targets near **150.000** could come into play.
* **Bearish Case:** A confirmed breakdown below **144.802** opens the path toward the **139.000 demand zone**.

**Outlook:**

* Monitor for 4H candle close below 144.802 for bearish confirmation.
* Alternatively, bullish continuation is valid if support holds and structure shifts upward again.

**Disclaimer:** This analysis is for educational purposes only. Always conduct your own research before making trading decisions.