USDJPY is currently trading around 147.423, sitting inside or just beneath a 4H supply zone / order block, which has historically acted as a strong resistance area.
From this level, I anticipate a bearish drop down to the 145.147 region as the first leg of correction. After reaching that zone, price could retrace slightly upward toward 145.727 — possibly reacting to an internal OB or FVG — before continuing its bearish move down to 143.804, which may serve as a deeper liquidity zone or demand area.
> 🔽 Initial drop target: 145.147
> 🔼 Expected minor retracement: 145.727
> 🔽 Final bearish target: 143.804
> 📍 Current price: 147.423
Confirmation setups like M patterns, bearish engulfing candles, or BOS with imbalance fills around these levels will strengthen the setup. Patience is key, especially when price sits at major OB zones.
📌 Risk Management Note:
This analysis is **not financial advice. Always trade with risk control and proper confirmation:
✔️ Risk only 1–2% per position
✔️ Use at least 1:2 RR setups
✔️ Always wait for clear price action confirmation
✔️ Never trade emotionally — let the setup come to you
From this level, I anticipate a bearish drop down to the 145.147 region as the first leg of correction. After reaching that zone, price could retrace slightly upward toward 145.727 — possibly reacting to an internal OB or FVG — before continuing its bearish move down to 143.804, which may serve as a deeper liquidity zone or demand area.
> 🔽 Initial drop target: 145.147
> 🔼 Expected minor retracement: 145.727
> 🔽 Final bearish target: 143.804
> 📍 Current price: 147.423
Confirmation setups like M patterns, bearish engulfing candles, or BOS with imbalance fills around these levels will strengthen the setup. Patience is key, especially when price sits at major OB zones.
📌 Risk Management Note:
This analysis is **not financial advice. Always trade with risk control and proper confirmation:
✔️ Risk only 1–2% per position
✔️ Use at least 1:2 RR setups
✔️ Always wait for clear price action confirmation
✔️ Never trade emotionally — let the setup come to you
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.
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.