Welcome again, dear traders. We now bring you the USDJPY pair trading signal and technical analysis. Let’s dive into the analysis without delay.
📉 Today USDJPY Pair Trading Signal & Technical Analysis by Guriforex
USDJPY pair has faced strong resistance at the downtrend line, signaling a potential bearish move ahead. The price recently tested the trendline and bounced off, confirming that sellers are still active in the market. If USDJPY pair consolidates below 154.000, a further drop toward 152.000 could be on the horizon.
📊 The USDJPY Pair Key Technical Analysis
Downtrend Line Rejection: The price attempted to break the descending trendline but failed, reinforcing the overall bearish trend.
Major Resistance at 154.000: This level has acted as a key rejection zone. If the price stays below it, we can expect a continuation of the bearish momentum.
Potential Breakdown to 152.000: If sellers take control, USDJPY pair could test the previous support area at 152.000, making it a strong target for short positions.
Volume Confirmation: A noticeable increase in selling volume suggests that bears may continue pushing the price lower.
Risk Management:
- Stop Loss: Above 154.782 (to avoid being trapped in a false breakout)
- Entry Confirmation: ONLY (❗) on consolidation below 154.000
- Target: 152.000
📉 USDJPY Pair Trade Idea – Bearish Scenario
🔽 Sell USDJPY pair if price consolidates below 154.000
🎯 Take Profit (TP): 152.000
🔴 Stop-Loss (SL): Above 154.782
⏳ Waiting for confirmation: This trade setup requires a confirmed break and retest of 154.000 before entering. Traders should watch for price action signals, such as bearish candlestick formations, to confirm the downtrend.
What’s Your View on USDJPY Pair?
Will sellers push USDJPY pair down to 152.000, or will bulls attempt another breakout? Share your thoughts below!💬
🔥 If you agree with this setup, hit ❤️❤️❤️! 🔥