USDJPY continues to follow a clear downtrend on the H4 chart, respecting a descending trendline and forming consistent lower highs. The strong rejection at 144.800 and the presence of multiple FVGs further reinforce the bearish structure.
Price is currently retracing to test the FVG zone. If rejection occurs here, the downtrend could resume towards the 141.900 support level.
Trade Setup:
Sell near 144.700
TP: 141.900
SL: above 145.300
Supporting News:
"Risk-on" sentiment is back after strong manufacturing data from China and rising expectations that U.S. interest rates may soon peak, weakening the USD against the JPY.
Are you watching for a short setup like I am?
Price is currently retracing to test the FVG zone. If rejection occurs here, the downtrend could resume towards the 141.900 support level.
Trade Setup:
Sell near 144.700
TP: 141.900
SL: above 145.300
Supporting News:
"Risk-on" sentiment is back after strong manufacturing data from China and rising expectations that U.S. interest rates may soon peak, weakening the USD against the JPY.
Are you watching for a short setup like I am?
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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.
Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.