USDJPY 6H / Still bearish trend...
USD/JPY Market Volatility and Key Levels
The overall direction remains bearish as long as the price stays below 144.900, with targets at 142.100 and potentially 138.470. A corrective move toward the pivot line at 144.900 is possible before resuming the bearish trend. However, if the price stabilizes above 144.900 with a 4-hour candle close, a bullish trend may emerge.
Key Levels:
Pivot Line: 144.320
Resistance Levels: 144.900, 146.330, 147.820
Support Levels: 143.380, 142.150, 138.500
Movement Range: The price is expected to fluctuate between 142.100 and 145.350.
Trend: Predominantly bearish, unless a breakout above 144.900 occurs.
previous idea:
The overall direction remains bearish as long as the price stays below 144.900, with targets at 142.100 and potentially 138.470. A corrective move toward the pivot line at 144.900 is possible before resuming the bearish trend. However, if the price stabilizes above 144.900 with a 4-hour candle close, a bullish trend may emerge.
Key Levels:
Pivot Line: 144.320
Resistance Levels: 144.900, 146.330, 147.820
Support Levels: 143.380, 142.150, 138.500
Movement Range: The price is expected to fluctuate between 142.100 and 145.350.
Trend: Predominantly bearish, unless a breakout above 144.900 occurs.
previous idea:
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