📈 Technical Analysis on JPY Price Action (as of June 9, 2025)
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🗂️ Overview:
This chart illustrates the price movement of the Japanese Yen (JPY) with clearly defined support and resistance zones. The setup suggests a bullish bias in the short term, with potential for a breakout toward previous highs.
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🔍 Key Levels Identified:
🟥 Main Support Zone (141.80 – 142.80):
This is a strong demand zone.
Price bounced aggressively from this level in late May.
If broken, could trigger a major downside move 📉.
🟧 Support Zone (143.80 – 144.70):
Price is currently testing this zone.
Holding this area will be crucial for bullish continuation.
🟨 Resistance Zone (145.80 – 146.60):
This is the next target for bulls 🐂.
Historically acted as a supply zone, causing pullbacks.
🟫 ATH Resistance Zone (~147.80 – 148.50):
The All-Time High (ATH) resistance zone.
Strong rejection from here in the past; likely to act as a hard ceiling again 🚫.
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🔄 Price Action Forecast:
🕊️ If the current support holds, expect a bullish move toward the 146.00–146.50 resistance.
📈 A breakout above this resistance could initiate a move to the ATH zone (147.80+).
🚨 A breakdown below 143.80 could lead to retesting the main support near 142.00.
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📊 Technical Sentiment:
Bias: Bullish ✅
Trend: Recovering uptrend after forming a higher low.
Confirmation Needed: Break and retest of the 145.80–146.60 resistance for continuation.
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✅ Trading Tip:
Wait for either:
🔁 A retest and bounce from 144.00 for long entries 🎯.
❌ A rejection at resistance for potential short opportunities if price fails to break 146.60.
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📌 Conclusion:
The market shows bullish intent from support, but traders should watch the reaction near the resistance zone to confirm trend continuation. 📍Patience and confirmation are key.
---
🗂️ Overview:
This chart illustrates the price movement of the Japanese Yen (JPY) with clearly defined support and resistance zones. The setup suggests a bullish bias in the short term, with potential for a breakout toward previous highs.
---
🔍 Key Levels Identified:
🟥 Main Support Zone (141.80 – 142.80):
This is a strong demand zone.
Price bounced aggressively from this level in late May.
If broken, could trigger a major downside move 📉.
🟧 Support Zone (143.80 – 144.70):
Price is currently testing this zone.
Holding this area will be crucial for bullish continuation.
🟨 Resistance Zone (145.80 – 146.60):
This is the next target for bulls 🐂.
Historically acted as a supply zone, causing pullbacks.
🟫 ATH Resistance Zone (~147.80 – 148.50):
The All-Time High (ATH) resistance zone.
Strong rejection from here in the past; likely to act as a hard ceiling again 🚫.
---
🔄 Price Action Forecast:
🕊️ If the current support holds, expect a bullish move toward the 146.00–146.50 resistance.
📈 A breakout above this resistance could initiate a move to the ATH zone (147.80+).
🚨 A breakdown below 143.80 could lead to retesting the main support near 142.00.
---
📊 Technical Sentiment:
Bias: Bullish ✅
Trend: Recovering uptrend after forming a higher low.
Confirmation Needed: Break and retest of the 145.80–146.60 resistance for continuation.
---
✅ Trading Tip:
Wait for either:
🔁 A retest and bounce from 144.00 for long entries 🎯.
❌ A rejection at resistance for potential short opportunities if price fails to break 146.60.
---
📌 Conclusion:
The market shows bullish intent from support, but traders should watch the reaction near the resistance zone to confirm trend continuation. 📍Patience and confirmation are key.
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JOIN MY TELEGRAM CHANNEL
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
t.me/StellarMarketAnalysis
JOIN MY RECOMMENTED BROKER REFFREL LINK
⤵️one.exnesstrack.net/a/uvd1etcgg1
PARTNER CODE⤵️
uvd1etcgg1
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.