USD/JPY Bearish Setup – Breakout from Ascending Channel
Price action on USD/JPY has broken down from an ascending channel, signaling potential bearish momentum ahead. The breakdown suggests a possible continuation toward lower support levels.
1st Support Level: 144.800 – 144.200
2nd Support Level: 143.000 – 142.400
Watch for price consolidation or retests at the 1st support level. A clean break below this zone could open the path toward the 2nd support level.
Key Notes:
Bearish volume increase post-breakout
Ichimoku cloud starting to thin, showing weakening bullish momentum
Structure favors selling rallies below the channel
📉 Bias: Bearish
💡 Plan: Wait for confirmation on lower timeframes before entering short positions
Price action on USD/JPY has broken down from an ascending channel, signaling potential bearish momentum ahead. The breakdown suggests a possible continuation toward lower support levels.
1st Support Level: 144.800 – 144.200
2nd Support Level: 143.000 – 142.400
Watch for price consolidation or retests at the 1st support level. A clean break below this zone could open the path toward the 2nd support level.
Key Notes:
Bearish volume increase post-breakout
Ichimoku cloud starting to thin, showing weakening bullish momentum
Structure favors selling rallies below the channel
📉 Bias: Bearish
💡 Plan: Wait for confirmation on lower timeframes before entering short positions
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📈 For More Setups & Updates —
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
🚀 Join our Telegram Channel!
👉 t.me/+vWVmX9cov69kNTU1
Step Into the Winners' Circle — Join Our VIP Signals Group Now!
t.me/+nnIo1DeoMLE5NjY0
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.