Technical analysis of USD/JPY (U.S. Dollar / Japanese Yen) chart, showing a recent downtrend with some key technical elements marked. Here's the breakdown:
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📊 Chart Analysis
Trend
The pair has been in a downtrend, confirmed by the lower highs and lower lows.
Both the 50 EMA (red line) and 200 EMA (blue line) are trending downward, indicating bearish momentum.
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🔍 Key Technical Features
1. Support Level
The horizontal blue lines marked as "support level" indicate a strong support zone around 142.000.
Price has tested this support multiple times, showing it’s a significant area of interest.
2. Downtrend Line
A descending trendline from the recent high is drawn, showing a clear resistance slope.
A breakout above this line would indicate potential trend reversal or a bullish correction.
3. Entry Point
The "entry point" arrow is suggesting a potential long (buy) trade setup if price breaks above the trendline and confirms above the support.
The expected move targets the previous high (~146.000) — likely the measured move or resistance target.
4. Red Down Arrow
Indicates a significant price rejection / peak — possibly a previous supply zone or news-based move.
5. Green Up Arrows
Indicate strong buy interest zones or demand, supporting the idea of a potential bounce.
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✅ Possible Trading Plan (Based on Chart)
Bullish Scenario (Buy):
Entry: On breakout above the descending trendline (around 143.00+).
Target: ~146.000 (previous swing high).
Stop-Loss: Below 142.000 support (safe buffer, e.g., 141.800).
Bearish Scenario (Sell):
If price fails to break above the trendline and closes below 142.000.
Could trigger further downside continuation.
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🧠 Technical Takeaway
This chart shows a potential reversal setup from a strong support area. A break above the descending trendline with confirmation could give a buy signal toward the previous high. However, failure at this level could lead to a continuation of the bearish trend.
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---
📊 Chart Analysis
Trend
The pair has been in a downtrend, confirmed by the lower highs and lower lows.
Both the 50 EMA (red line) and 200 EMA (blue line) are trending downward, indicating bearish momentum.
---
🔍 Key Technical Features
1. Support Level
The horizontal blue lines marked as "support level" indicate a strong support zone around 142.000.
Price has tested this support multiple times, showing it’s a significant area of interest.
2. Downtrend Line
A descending trendline from the recent high is drawn, showing a clear resistance slope.
A breakout above this line would indicate potential trend reversal or a bullish correction.
3. Entry Point
The "entry point" arrow is suggesting a potential long (buy) trade setup if price breaks above the trendline and confirms above the support.
The expected move targets the previous high (~146.000) — likely the measured move or resistance target.
4. Red Down Arrow
Indicates a significant price rejection / peak — possibly a previous supply zone or news-based move.
5. Green Up Arrows
Indicate strong buy interest zones or demand, supporting the idea of a potential bounce.
---
✅ Possible Trading Plan (Based on Chart)
Bullish Scenario (Buy):
Entry: On breakout above the descending trendline (around 143.00+).
Target: ~146.000 (previous swing high).
Stop-Loss: Below 142.000 support (safe buffer, e.g., 141.800).
Bearish Scenario (Sell):
If price fails to break above the trendline and closes below 142.000.
Could trigger further downside continuation.
---
🧠 Technical Takeaway
This chart shows a potential reversal setup from a strong support area. A break above the descending trendline with confirmation could give a buy signal toward the previous high. However, failure at this level could lead to a continuation of the bearish trend.
Feedback My idea like and comment's 🙏"
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Join My Official Channel Link
t.me/goldprotreader
Join My Public Channel Link
t.me/goldprotreader
t.me/goldprotreader
Join My Public Channel Link
t.me/goldprotreader
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.