USD/JPY – Bearish Rejection After Channel Break
🔹 2H Chart Analysis by PULSETRADESFX
USD/JPY has broken down from a rising channel and is now rejecting a key supply zone around 147.000 – 147.250. The pair is showing early signs of bearish continuation after retesting this zone as resistance.
This setup favors short positions targeting deeper levels, especially with price failing to reclaim the broken structure.
📌 Trade Setup:
Entry: 146.808
Stop Loss: 147.350 (Above supply zone)
TP1: 146.000 (Recent low)
TP2: 145.250 (Demand support)
TP3: 144.300 (Major structural zone)
This is a clean break–retest–continuation scenario with risk-to-reward aligning well for short-term and swing traders.
✅ Bearish Confluences:
Rising channel break
Supply zone rejection
Lower high structure
Bearish engulfing reaction
TP levels mapped to recent price memory zones
📅 July 23, 2025
📊 CMC Markets Feed | USD/JPY (2H)
#USDJPY #ForexAnalysis #BearishBreakdown #TechnicalSetup #PriceAction #TradingView #PULSETRADESFX
🔹 2H Chart Analysis by PULSETRADESFX
USD/JPY has broken down from a rising channel and is now rejecting a key supply zone around 147.000 – 147.250. The pair is showing early signs of bearish continuation after retesting this zone as resistance.
This setup favors short positions targeting deeper levels, especially with price failing to reclaim the broken structure.
📌 Trade Setup:
Entry: 146.808
Stop Loss: 147.350 (Above supply zone)
TP1: 146.000 (Recent low)
TP2: 145.250 (Demand support)
TP3: 144.300 (Major structural zone)
This is a clean break–retest–continuation scenario with risk-to-reward aligning well for short-term and swing traders.
✅ Bearish Confluences:
Rising channel break
Supply zone rejection
Lower high structure
Bearish engulfing reaction
TP levels mapped to recent price memory zones
📅 July 23, 2025
📊 CMC Markets Feed | USD/JPY (2H)
#USDJPY #ForexAnalysis #BearishBreakdown #TechnicalSetup #PriceAction #TradingView #PULSETRADESFX
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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.