USD/JPY – 1D Chart Analysis (March 4, 2025)
1. Market Structure & Trend Analysis
Break of Uptrend: The pair had been in an uptrend but recently broke below a key ascending trendline, signaling a shift to a bearish bias.
Support Zone Tested: Price recently dropped into the 145.50 - 146.50 demand zone, where buyers attempted to step in.
Rejection from 152.14: A clear rejection occurred near 152.14, reinforcing this as a strong resistance zone.
2. RSI & Momentum Analysis
RSI at 36.89: Close to oversold but still has room for further downside.
Bearish Momentum: The RSI has been making lower highs, confirming sustained selling pressure.
3. Key Levels to Watch
Resistance:
152.14 (Major resistance and previous rejection level)
150.50 - 151.00 (Local resistance from recent price action)
Support:
146.00 - 145.50 (Key demand zone, recently tested)
143.50 - 144.00 (Next major support if price continues down)
4. Potential Trade Scenarios
📉 Bearish Scenario (Higher Probability)
If price fails to reclaim 150.50, the pair could continue its downtrend toward 146.00 and possibly 144.00.
Short Setup:
Entry: 149.50 - 150.00 (on rejection)
Stop-loss: Above 151.00
Target: 146.50, then 144.00
📈 Bullish Scenario (Lower Probability)
If price reclaims 150.50 and finds support, we could see a retest of 152.14.
Long Setup:
Entry: Above 150.50
Stop-loss: Below 149.50
Target: 152.14
5. Conclusion & Strategy
Short-term bias: Bearish, favoring a move towards 146.00 - 144.00.
Trade idea: Look for rejection near 150.00 to confirm shorts.
Risk management: Keep an eye on 146.00, as a strong bullish reaction could invalidate the bearish setup.
Would you like additional confirmation on lower timeframes (4H, 1H)? 📊
1. Market Structure & Trend Analysis
Break of Uptrend: The pair had been in an uptrend but recently broke below a key ascending trendline, signaling a shift to a bearish bias.
Support Zone Tested: Price recently dropped into the 145.50 - 146.50 demand zone, where buyers attempted to step in.
Rejection from 152.14: A clear rejection occurred near 152.14, reinforcing this as a strong resistance zone.
2. RSI & Momentum Analysis
RSI at 36.89: Close to oversold but still has room for further downside.
Bearish Momentum: The RSI has been making lower highs, confirming sustained selling pressure.
3. Key Levels to Watch
Resistance:
152.14 (Major resistance and previous rejection level)
150.50 - 151.00 (Local resistance from recent price action)
Support:
146.00 - 145.50 (Key demand zone, recently tested)
143.50 - 144.00 (Next major support if price continues down)
4. Potential Trade Scenarios
📉 Bearish Scenario (Higher Probability)
If price fails to reclaim 150.50, the pair could continue its downtrend toward 146.00 and possibly 144.00.
Short Setup:
Entry: 149.50 - 150.00 (on rejection)
Stop-loss: Above 151.00
Target: 146.50, then 144.00
📈 Bullish Scenario (Lower Probability)
If price reclaims 150.50 and finds support, we could see a retest of 152.14.
Long Setup:
Entry: Above 150.50
Stop-loss: Below 149.50
Target: 152.14
5. Conclusion & Strategy
Short-term bias: Bearish, favoring a move towards 146.00 - 144.00.
Trade idea: Look for rejection near 150.00 to confirm shorts.
Risk management: Keep an eye on 146.00, as a strong bullish reaction could invalidate the bearish setup.
Would you like additional confirmation on lower timeframes (4H, 1H)? 📊
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.
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.