By analyzing the USDJPY chart on the 4-hour timeframe, we can see that after our last daily timeframe analysis, the price started its rally from the 144 zone and, as expected, hit all three targets at 145.5, 147.35, and 148.65, delivering over 500 pips in returns — even reaching as high as 149.2! Once the price broke above 148.65 and swept the liquidity above this level, it faced selling pressure and dropped to 146.9. Currently trading around 148.65, if USDJPY manages to hold below the supply zone between 148.65 and 149.2, we can expect further downside movement. This analysis will be updated with your support!
THE DAILY ANALYSIS :
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Best Regards , Arman Shaban
THE DAILY ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
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By analyzing the USDJPY chart on the 4-hour timeframe, we can see that since yesterday, after entering deeper into the highlighted bearish order block, the pair faced strong selling pressure and has dropped to 148.3 so far. This move has already delivered over 80 pips in returns, but the bearish momentum doesn’t seem to be over yet. Based on the current analysis and key chart signals, we can expect further downside moves, with the next potential targets at 148.29, 148.08, and 147.5.
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⚜️ Free Telegram Channel : t.me/PriceAction_ICT
⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
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⚜️ JOIN THE VIP : t.me/PriceAction_ICT/5946
⚜️ Contact Me : t.me/ArmanShabanTrading
💥Join BitMart Exchange – Ultra Low Fees : bitmart.com/invite/c5JVJK/en-US
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.