Key Observations:
Price Action (4h Close):
Open (O): 146.545
High (H): 146.660
Low (L): 146.448
Close (C): 146.473
Change: -0.036 (-0.028%) → Slight bearish momentum.
50% - Order Block:
Indicates a key retracement level where institutional traders may have placed orders.
Current price near 146.473 suggests potential consolidation or reversal if this level holds.
Profit Levels (Potential Targets):
Bullish Scenario (if USD strengthens):
147.170 → Minor resistance
147.956 → Stronger resistance
148.637 & 150.140 → Major upside targets
Bearish Scenario (if JPY strengthens):
146.450 → Immediate support
145.780 → Next key support
Context:
August Seasonal Trend: JPY often sees volatility in August due to fiscal flows and BoJ policy expectations.
Trading View Indicator: Likely referencing a custom strategy (e.g., breakout/mean reversion).
Trading Bias:
Neutral to Slightly Bearish (price closed below open, testing mid-range levels).
Watch 146.450 (support) and 147.170 (resistance) for breakout confirmation.
Key Levels:
Resistance Support
147.170 146.450
147.956 145.780
148.637
Actionable Idea:
A break below 146.450 could target 145.780.
A rebound above 147.170 opens path to 147.956.
Trade active
Take Profit TP1 - is done 
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.