USDJPY Technical Analysis – Key Support Zone in Focus!
As shown in the chart, USDJPY has broken out of its long-term trendline and is now trading within a rising channel structure. Currently, the price is sitting near a crucial support zone at 145.190, which could play a decisive role in the pair’s next move.
🔹 If this support holds, we may see a bullish continuation towards the following key resistance levels:
First target: 151.110
Next target: 160.100 (upper bound of the channel)
🔻 However, if the 145.190 support fails, the price could decline toward the bottom of the rising channel, with the next major support near:
136.000
📌 This area is critical for swing and position traders. Price action in this zone will likely provide strong signals for entry or exit.
📊 Follow for more real-time analysis and trading insights!
As shown in the chart, USDJPY has broken out of its long-term trendline and is now trading within a rising channel structure. Currently, the price is sitting near a crucial support zone at 145.190, which could play a decisive role in the pair’s next move.
🔹 If this support holds, we may see a bullish continuation towards the following key resistance levels:
First target: 151.110
Next target: 160.100 (upper bound of the channel)
🔻 However, if the 145.190 support fails, the price could decline toward the bottom of the rising channel, with the next major support near:
136.000
📌 This area is critical for swing and position traders. Price action in this zone will likely provide strong signals for entry or exit.
📊 Follow for more real-time analysis and trading insights!
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.