TradingView Ideas

USDJPY - Daily CLS MOdel 1 (Wed, 08 Jul 2026)
Hi Friends, New CLS Range has been created and Im looking for short Model 1 trade setup. As always after the manipulation in to the Key Level, below the CLS range and reaction, we need to see a confirmation switch from the manipulation phase - CIOD (change in order flow) in the the expansion. ⏳ Stay patient and enter only after candle close. Target: 50% of the CLS range. CLS Model 1 Video Explanation https://www.tradingview.com/chart/GBPUSD/wjRRXQpu-CLS-Model-1-100-Mechanical-Trading-setup/ Bearish CLS Strategy Structure https://www.tradingview.com/x/KyvFjErR/ ⚠️ Risk Control is Key to Long Term Success Always place a proper stop loss Manage your risk per trade Stay disciplined & avoid emotional trading
 Take the Trade only if you understand logic behind it
 Protect Capital First Boost | Share | Comment | ✅Follow for more CLS setups Adapt useful, Reject useless and add what is specifically yours. David Perk
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Bullish continuation for the Ninja? (Wed, 08 Jul 2026)
The price is falling to the support level, which is a pullback support that aligns with the 23.6% and the 50% Fibonacci retracement and could bounce from this level to our take-profit. Entry: 162.19 Why we like it: There is a pullback support level that aligns with the 23.6% and the 50% Fibonacci retracement. Stop loss: 161.80 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement. Take profit: 162.80 Why we like it: There is a swing high resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
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USDJPY LOCAL SHORT| (Wed, 08 Jul 2026)
https://www.tradingview.com/x/Li4697Sh/ ✅USDJPY bearish displacement into a premium supply zone hints at a liquidity hunt before continuation lower. Expect rejection from this ICT supply area toward the marked downside target. Time Frame 3H. SHORT ✅Like and subscribe to never miss a new idea!✅
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USD-JPY Free Signal! Sell! (Wed, 08 Jul 2026)
https://www.tradingview.com/x/HXhduWZm/ Hello, Traders! USDJPY rejection from a horizontal supply area signals strong bearish intent. A liquidity sweep into premium pricing could fuel downside momentum toward the next demand area. Time Frame 3H. ------------------ Stop Loss: 162.85 Take Profit: 162.21 Entry: 162.57 Time Frame: 3H ------------------ Sell! Comment and subscribe to help us grow! Check out other forecasts below too!
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USDJPY H4 BEARISH OUTLOOK (Wed, 08 Jul 2026)
** USDJPY H4 – Bearish Outlook** USDJPY is testing a major supply zone while trading above a long-term ascending trendline. A rejection from this resistance could trigger a pullback toward the trendline before the next directional move. Price has reached a strong supply zone after a bullish rally. Sellers may step in from this area, leading to a corrective decline. The rising trendline is the first key support to watch for a reaction. A confirmed breakout above the supply zone would invalidate the bearish setup and favor further upside. **Bias:** Bearish while below the highlighted supply zone. Wait for rejection confirmation before considering short positions.
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USDJPY Outlook Resistance Rejection Scenario (Wed, 08 Jul 2026)
USDJPY is approaching a key resistance zone after maintaining a strong bullish structure. Price has respected the ascending trendline multiple times, confirming that buyers remain active in the current trend. The highlighted resistance area is an important level to monitor. If sellers defend this zone, a pullback toward the marked support region may develop. On the other hand, a confirmed breakout and sustained price action above resistance could indicate continued bullish momentum. Key levels to watch: * Resistance: 162.75–162.80 * First Support: 161.70–161.80 * Major Support: Around 160.70 This analysis is based on price action, trend structure, and support/resistance levels. Always wait for confirmation before making trading decisions and manage risk according to your trading plan. This idea is for educational purposes only and should not be considered financial or investment advice.
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Long trade (Wed, 08 Jul 2026)
Pair: USDJPY Direction: Buyside Date: Wed 8th July 26 Session: Tokyo Session AM Entry Time: 3:00 AM Entry: 162.265 Target / Profit Level: 162.813 Stop: 162.178 Gain Target: 0.338%–0.388% Risk: 0.054% RR: 6.3 USDJPY Buyside Trade Idea https://www.tradingview.com/x/pGD44qg0/ Bias: Buyside continuation/liquidity expansion USDJPY is showing a strong buyside continuation model. Price has reclaimed above the daily open, the previous day's high area, and the short-term EMA structure. The 1H chart is pressing into premium with momentum, so the trade idea is looking for continuation into the next upside liquidity pool. Discount Recovery Model: → Daily open reclaim → BOS above internal structure → Asia highs taken/held → Price accepts above 162.265 → Target draw becomes 162.813 / 162.840 SNAP MAP Prior sellside sweep formed the low near 160.80–161.00 → Price recovered strongly through internal FVGs → Bullish structure formed above the 200 EMA/trend base → Daily open around 162.067 was reclaimed → BOS / yDay high area around 162.118–162.175 was reclaimed → Entry activates at 162.265 → Price targets the weekly high/upside liquidity around 162.813–162.840
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USD/JPY Daily: Support and Resistance, Rules and Tools (Wed, 08 Jul 2026)
Main lesson: Support and resistance are not random lines. They are decision zones created by market memory, trend structure, swing points, moving averages, trendlines, Fibonacci projections and confluence. ERRANTE:USDJPY is a strong chart for learning how support and resistance work in real technical analysis. The chart shows a broad uptrend, a long rising trendline, a 200-WMA, previous swing highs and lows, and two Fibonacci expansion grids. Together, these tools help us understand one important idea: The best levels are not drawn randomly. They are built from evidence. Let’s start from the foundation and then move into the advanced part. 1. What Is Support? Support is a price area where buying interest is strong enough to slow, stop or reverse a decline. In simple language, support is where sellers begin to lose control and buyers start defending the market. Support can form because: • Buyers see value and enter the market. • Existing longs add to positions. • Short sellers take profit. • Traders remember a previous reaction low. • Orders and liquidity cluster around the same area. Support does not mean price must rise. It means the probability of a reaction increases because demand has appeared there before. On this USD/JPY chart, the area near 160.47–160.71 is a support zone because price previously struggled around that region, broke above it, then returned and held above it. That is price memory in action. 2. What Is Resistance? Resistance is a price area where selling interest is strong enough to slow, stop or reverse an advance. In simple language, resistance is where buyers begin to lose control and sellers start defending the market. Resistance can form because: • Traders take profit near previous highs. • Short sellers enter the market. • Trapped buyers exit near breakeven. • Breakout traders hesitate before new highs. • Liquidity clusters above obvious highs. On this chart, the 162.26–162.83 area is immediate resistance. It includes the current market top near 162.826 and the 127.2% Fibonacci projection near 162.260. This does not mean USD/JPY must reverse there. It means this is the first important area where price reaction should be watched carefully. 3. Main Types of Support and Resistance Support and resistance can be divided into three practical groups. Static support and resistance These are horizontal levels. They come from previous price action. Examples include: • Previous swing highs • Previous swing lows • Range highs and lows • Breakout and breakdown levels • Former resistance turned support • Former support turned resistance On this chart, 160.47–160.71 is static support because it is based on previous horizontal structure. Dynamic support and resistance These levels move over time. Examples include: • Trendlines • Moving averages • Channels • Envelopes On this chart, the rising trendline and the 200-WMA are dynamic support references. Projected support and resistance These are forward-looking levels calculated from previous structure. Examples include: • Fibonacci expansions • Fibonacci projections • Measured moves • Pattern targets On this chart, 162.260, 164.231, 164.283 and 166.407 are projected resistance levels. The most useful analysis comes when these groups overlap. That overlap is called confluence. 4. The First Rule: Support and Resistance Are Zones, Not Exact Lines A common beginner mistake is treating support and resistance as exact numbers. Markets rarely reverse from the exact same price. Price can overshoot a level, sweep liquidity, trigger stops, and then return back into the zone. That is why advanced traders think in zones. On this chart, the key short-term support is not one exact price. It is better defined as: 160.47–160.71 This zone includes: • The former resistance near April’s top around 160.711 • The recent pullback low near 160.469 • The broken resistance area that turned into support • A structural swing area This is a decision zone, not a single line. 5. The Second Rule: Polarity Polarity means that support can become resistance, and resistance can become support. This happens because market psychology changes after a breakout or breakdown. If price breaks above resistance, that old ceiling may become a new floor. Buyers who missed the breakout may wait for a retest. Short sellers may cover. Breakout traders may defend the level. On this USD/JPY chart, 160.71 acted as resistance around April. After price broke above it, the market pulled back toward the 160.47–160.71 region and held. That is polarity. The old resistance became support. This is one of the most important principles in technical analysis. 6. Dynamic Support: The Rising Trendline A trendline is a straight line that connects important swing points and shows the direction of the trend. In an uptrend, a trendline is usually drawn below price by connecting rising reaction lows. It acts as dynamic support. In a downtrend, a trendline is usually drawn above price by connecting declining reaction highs. It acts as dynamic resistance. On this USD/JPY chart, the rising trendline starts from the April 2025 low area and connects later higher lows. The numbered points on the chart show where price touched or approached this line. The important points are: • Point 1 begins the trendline. • Point 2 gives the second anchor. • Points 3, 4, 5 and 6 show later reactions around the same rising support structure. The more times price reacts near a trendline, the more visible that line becomes to market participants. A good trendline should follow three rules: 1. It should connect meaningful pivots, not random noise. 2. It should not be forced to fit the analyst’s bias. 3. It becomes more important when price reacts to it several times. On this chart, the trendline is useful because it has acted as a support guide throughout the broader uptrend. 7. What Do the Long Lower Shadows Near the Trendline Show? The chart shows important lower-shadow reactions around the rising trendline, especially near the later support tests. A long lower shadow means sellers pushed price lower during the session, but buyers stepped in before the close. Near support, this often signals: • Selling pressure was absorbed. • Buyers defended the zone. • A liquidity sweep may have failed. • The market rejected lower prices. This does not automatically mean “buy.” It means the support area is active. The correct interpretation is: When a long lower shadow appears near a valid support zone, it shows demand response. But confirmation still depends on the following candles and whether price can hold above the zone. On this chart, the lower shadows around the trendline and 200-WMA area show that sellers attempted to break the structure, but buyers defended the broader uptrend. 8. Dynamic Support: The 200-WMA A moving average smooths price data to show the underlying trend. A weighted moving average, or WMA, gives more weight to recent prices. This makes it more responsive than a simple moving average. A moving average can act as dynamic support or dynamic resistance. It can act as support when: • Price is above it. • The average is rising or flattening upward. • Pullbacks toward it attract buyers. It can act as resistance when: • Price is below it. • The average is falling or flattening downward. • Rallies toward it attract sellers. On this chart, USD/JPY is trading above the 200-WMA, and the 200-WMA sits below price near the broader support area around 158.53. This matters because the 158.53 region also aligns with: • The rising trendline area • A Fibonacci 61.8% retracement level near 158.535 • Prior price reaction in April 2026 So, the 200-WMA is not important alone. It becomes more useful because it overlaps with other support evidence at that level That is called confluence. 9. What Is Confluence? Confluence means that different technical tools point to the same price zone. It is one of the most important concepts in advanced support and resistance analysis. A single level may be interesting. But a zone where several independent tools agree is more important. Confluence can include: • A previous swing high or low • A broken resistance or support level • A trendline • A moving average • A Fibonacci level • A candlestick rejection • A psychological round number Confluence helps traders because it allows them to rank levels. Instead of asking, “Where is the next line?” the better question is: Where do several independent methods agree? That is where price is more likely to react. 10. Confluence Examples on This Chart Another example of a major confluence area on this USD/JPY chart. 164.23–164.28: Fibonacci resistance confluence This zone includes: • Larger Fibonacci grid 161.8% projection near 164.231 • Smaller Fibonacci grid 161.8% projection near 164.283 This is a Fibonacci cluster, which is a more specific form of confluence. We will explain that shortly. 11. Static Support and Resistance: Swing Highs and Swing Lows But first, let's look at another type of support and resistance levels. Static support and resistance often come from swing points. A swing high is a local peak where price rises, stops, and then turns lower. It forms when buying pressure fails and supply takes control. A swing low is a local trough where price falls, stops, and then turns higher. It forms when selling pressure fails and demand takes control. In simple terms: A swing high is a temporary victory for sellers. A swing low is a temporary victory for buyers. On this chart: • 160.711 is an important swing high and former resistance. • 155.015 is a major correction swing low. • 162.826 is the current market top. • 160.469 is the recent pullback swing low. These swing points are not random. They are where the market changed direction. That is why they are used for support, resistance and Fibonacci analysis. 12. Why Swing Points Matter Swing points matter because they reveal market decisions. At a swing high, buyers tried to continue the trend but failed. That level can become resistance later. At a swing low, sellers tried to continue lower but failed. That level can become support later. The stronger and more visible the swing, the more important it becomes. A high-quality swing point usually has: • A clear directional move into the level • A visible rejection or reversal • Enough distance from surrounding price action • Relevance on the chosen timeframe For this USD/JPY daily chart, the key swings are clear enough to be used for Fibonacci expansion. 13. Two-Point Fibonacci Expansion: The Correct Logic The Fibonacci levels on this chart are drawn with a two-point Fibonacci expansion method. This is not the same as a classic three-point trend-based Fibonacci extension. The two-point method uses a completed correction swing to project future support or resistance beyond the previous extreme. The key rule here is: Draw from left to right, following the completed price structure, against the prior trend. The first point must appear earlier in time. The second point must appear later in time. The projection is then read beyond the prior extreme. This keeps the analysis objective. You are not drawing what you want to happen. You are measuring what the market has already completed. 14. Why Do We Use Corrections for Fibonacci Expansion? Corrections are important because they define the next decision point in the trend. In an uptrend, price rallies, then corrects. Once the correction low is completed, traders can project where the next bullish leg may face resistance. In a downtrend, price falls, then corrects higher. Once the correction high is completed, traders can project where the next bearish leg may find support. That is why correction is essential. Without a completed correction, the Fibonacci expansion is only speculation. With a completed correction, the tool measures the structure and projects possible reaction zones. 15. Bullish Two-Point Fibonacci Expansion In a bullish continuation setup, the market first makes a swing high, then pulls back into a correction swing low. To draw the Fibonacci expansion: Point 1: previous swing high Point 2: correction swing low Direction: left to right Projection: resistance levels above the previous swing high This may feel unusual because many traders learn Fibonacci retracement by drawing from low to high in an uptrend. But this chart is not using Fibonacci only for retracement. It is using the two-point grid to project expansion levels beyond the prior high. So in an uptrend, after the correction low is completed, drawing from the swing high to the correction low allows levels above 100% to project upside resistance. That is exactly what is happening on this chart. 16. Bearish Two-Point Fibonacci Expansion In a bearish continuation setup, the market first makes a swing low, then corrects upward into a correction swing high. To draw the Fibonacci expansion: Point 1: previous swing low Point 2: correction swing high Direction: left to right Projection: support levels below the previous swing low So the logic is the mirror image of the bullish setup. Bullish expansion projects resistance above the market. Bearish expansion projects support below the market. The rule is consistent: Measure the completed correction structure from left to right. 17. First Fibonacci Grid on This Chart: The Larger Swing The first Fibonacci grid measures the larger bullish structure. It is drawn from: Point 1: swing high near 160.711 Point 2: correction swing low near 155.015 This follows the correct sequence because the swing high came first and the correction low came later. After prices recovered and broke above 160.711, the levels beyond 100% became upside resistance projections. The important levels are: • 127.2% projection: 162.260 • 161.8% projection: 164.231 • 200% projection: 166.407 Current price is around 162.46, close to the immediate resistance zone. That resistance zone is: 162.26–162.83 It includes the 127.2% projection and the current market top near 162.826. 18. Second Fibonacci Grid on This Chart: The Smaller Swing The second Fibonacci grid measures the more recent bullish structure. It is drawn from: Point 1: current market top near 162.826 Point 2: pullback low near 160.469 Again, this is drawn from left to right after the correction low is formed. This smaller grid projects the next resistance levels above the current market top. The key projected level is: 161.8% projection: 164.283 This level becomes important because it nearly overlaps with the larger grid’s 161.8% projection. That creates a Fibonacci cluster. 19. What Is a Fibonacci Cluster? A Fibonacci cluster occurs when multiple Fibonacci levels from different swing measurements appear in the same price area. A cluster is a special form of confluence. The difference is simple: Confluence means different types of tools agree. A Fibonacci cluster means multiple Fibonacci measurements agree. On this chart, the major Fibonacci cluster is: 164.23–164.28 It includes: • Larger grid 161.8% projection: 164.231 • Smaller grid 161.8% projection: 164.283 These two levels are almost identical. This is important because two different swing measurements are pointing to the same resistance area. That makes 164.23–164.28 a higher-quality resistance zone than a single Fibonacci level by itself. 20. Rules for Drawing Multiple Fibonacci Expansions When drawing multiple Fibonacci grids, follow these rules. First , use meaningful swings only. Do not measure every small fluctuation. Second , each Fibonacci grid must be based on a completed structure. In an uptrend, wait for the correction low. In a downtrend, wait for the correction high. Third , draw from left to right. The first point must happen before the second point. Fourth , separate larger swings from smaller swings. A larger grid gives the macro projection. A smaller grid gives the tactical projection. Fifth , focus on overlapping. The value of multiple Fibonacci grids is not the number of lines. The value is where the lines cluster. Sixth , treat clusters as reaction zones, not guaranteed targets. Seventh , give more weight to a Fibonacci cluster if it also overlaps with price structure, trendlines or moving averages. On this chart, the 164.23–164.28 zone is strong because two independent Fibonacci grids project almost the same 161.8% level. 21. Ranking the Key Levels on USD/JPY Now we can rank the chart properly. Immediate resistance : 162.26–162.83 This is the first resistance zone. It includes: • Larger grid 127.2% projection at 162.260 • Current market top at 162.826 A clean break above this zone would suggest the bullish structure is still extending. Major Fibonacci cluster resistance : 164.23–164.28 This is the strongest projected resistance area on the chart. It includes: • Larger grid 161.8% projection at 164.231 • Smaller grid 161.8% projection at 164.283 This is the main Fibonacci cluster. Higher resistance : 166.40 This is the larger grid’s 200% projection. It is a higher technical resistance level if the trend extends further. Primary support : 160.47–160.71 This is the most important short-term support zone. It includes: • Broken resistance turned support • Swing structure • Recent pullback reaction • Fibonacci references Secondary support : 158.53 This is deeper dynamic confluence support. It includes: • Fibonacci support • 200-WMA • Rising trendline structure Major structural support : 155.01 This is the larger correction swing low. A break below it would weaken the broader bullish structure. 22. Confirmation: The Final Rule Support and resistance levels are not automatic signals. They are decision zones. At resistance, traders should watch for: • Rejection candles • Long upper shadows • Failed breakout attempts • Momentum loss • Breakout and successful retest At support, traders should watch for: • Long lower shadows • Strong bullish reaction • Failed breakdowns • Higher lows • Break below support and failure to reclaim it The level gives the location. Price action gives the confirmation. On this chart, the immediate question is whether USD/JPY can hold above 160.47–160.71 and break through 162.26–162.83. If it does, the next major zone is the Fibonacci cluster at 164.23–164.28. If it fails, the market may rotate back toward 160.47–160.71, then possibly 158.53. The main lesson is simple: Basic traders draw lines. Advanced traders build zones from evidence. Support and resistance are not about guessing where price will reverse. They are about identifying where the market is most likely to make its next important decision.
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USDJPY Short (Wed, 08 Jul 2026)
https://www.tradingview.com/x/Ea0iQxhl/ USDJPY  SELL LIMIT ORDER  : 162.659 Stop Loss:  163.016 Remove risk/Partials @ : 162.343 Take profit: 162.212 Trade Plan: Short Bias: BEARISH short term. Entry reason: Price has tested liquidity area. Stop Loss: Above nearest high. First target:  162.343
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USD/JPY — Bulls Retest the Upper Range (Wed, 08 Jul 2026)
USD/JPY — Bulls Retest the Upper Range, 162.50–163.00 Becomes the Key Breakout Zone 1. Market Overview USD/JPY remains in a strong upward structure on the 4H chart. Price has continued to build higher from the lower range and is now trading around the 162.40–162.50 area, close to the recent upper resistance zone. The pair previously pulled back sharply from the 162.80–163.00 area, but buyers quickly stepped in around the 160.50–161.00 support zone. The latest recovery shows that demand remains strong, and the market is now retesting the upper range. The key question is whether USD/JPY can break above 162.80–163.00 and continue the bullish trend, or whether sellers will defend the resistance zone again and trigger another pullback. 2. Market Structure From a market structure perspective, USD/JPY remains in a bullish structure. Price has been forming higher highs and higher lows, which shows that buyers have controlled the broader 4H trend. The latest rebound from the 160.50–161.00 area also confirms that buyers are still defending pullbacks. However, the market is now approaching the previous rejection area near 162.80–163.00. This means the bullish structure is still valid, but buyers need a confirmed breakout above the resistance zone to continue the trend with stronger conviction. If price fails again near the upper range, USD/JPY may enter another short-term consolidation or corrective pullback. 3. Daily / 4H Multi-Timeframe View On the 4H timeframe, the structure remains constructive. The recent pullback did not break the broader bullish trend, and price recovered strongly from support. This suggests that buyers are still active and willing to defend dips. From the broader daily perspective, USD/JPY remains supported by the overall upside trend. However, because the pair is now trading near a major resistance area, the market may need either a confirmed breakout or a short-term consolidation before the next larger move. In short, the daily bias remains bullish, while the 4H chart is now testing an important breakout zone. 4. Key Resistance 162.80–163.00 This is the immediate key resistance zone. Price was previously rejected from this area, so buyers need to break and hold above it to confirm bullish continuation. 163.50–164.00 If USD/JPY breaks above 163.00, this becomes the next upside target zone. It is also a psychological resistance area where short-term profit-taking may appear. 164.50–165.00 This is the next major upper resistance zone. A sustained move into this area would confirm that bullish momentum remains strong. 5. Key Support 162.00–161.70 This is the nearest short-term support zone. Holding above this area would keep the current bullish retest structure intact. 161.00–160.50 This is the most important recent support zone. Buyers defended this area strongly during the latest pullback, so it remains a key demand zone. 160.00 This is a major psychological support level. A clean break below 160.00 would weaken the bullish structure and suggest a deeper correction. 6. Momentum & Volatility Check Momentum is currently bullish, but the pair is approaching a sensitive resistance area. The recent rebound from 160.50–161.00 was strong and showed clear buyer participation. However, the previous rejection from the 162.80–163.00 area means that traders should watch for signs of exhaustion or profit-taking near the highs. Volatility increased during the sharp pullback and recovery, which means price may continue to react quickly around key levels. A clean breakout above 163.00 would support stronger upside momentum, while rejection from this area could trigger another short-term correction. 7. Bullish Factors The first bullish factor is that USD/JPY continues to hold a clear higher-high and higher-low structure on the 4H chart. The second positive sign is that buyers defended the 160.50–161.00 support area and pushed price back toward the previous high. The third factor is that price is now trading near the upper range again, showing that bullish demand has not disappeared. A confirmed breakout above 163.00 would be the strongest signal that buyers are regaining full control. 8. Bearish Risks The main bearish risk is that USD/JPY is retesting the same resistance zone where sellers previously reacted. If price fails to break above 162.80–163.00, short-term profit-taking may appear again. A break below 162.00 would weaken the immediate bullish momentum, while a deeper move below 161.00–160.50 would suggest that the current breakout attempt has failed. Another risk is that the pair has already moved strongly higher, so chasing the market near resistance may carry higher short-term risk. 9. Bullish Scenario If USD/JPY breaks above 162.80–163.00 with confirmation and holds above that zone, buyers may push price toward 163.50–164.00. If momentum remains strong above 164.00, the next upside area to watch would be 164.50–165.00. A sustained move above 165.00 would confirm a stronger bullish continuation structure. 10. Bearish Scenari o If USD/JPY rejects again from 162.80–163.00, short-term pullback pressure may return. A break below 162.00 could send price toward 161.70, followed by the stronger support zone at 161.00–160.50. If 160.50 breaks clearly, the bullish structure would weaken, and the pair may move lower toward the 160.00 psychological level. 11. Market Sentiment Market sentiment is currently bullish but cautious near resistance. The broader trend still favors buyers, and the latest rebound confirms strong demand at lower levels. However, USD/JPY is now testing a key resistance area, so confirmation is important. Above 163.00, bullish continuation may strengthen. Below 162.00, short-term pullback risk may increase. Below 160.50, the bullish structure may start to weaken. 12. Trading Plan Style Summary Plan: - Above 163.00: bullish continuation may strengthen. - Between 162.00 and 163.00: breakout testing and consolidation may continue. - Below 162.00: short-term pullback risk may increase. - Below 160.50: the bullish structure may weaken. The key area to watch is 162.80–163.00. If buyers break this zone, USD/JPY may continue toward 164.00–165.00. If sellers defend it again, another pullback toward 162.00 or 161.00 may follow. 13. Interactive Question Will USD/JPY break above 163.00 and continue toward 164.00–165.00? Or will sellers defend the resistance zone and push the pair back toward 161.00–160.50? Please share your view below.
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USDJPY Trade Setup | Potential SELL Opportunity | 1H Timeframe (Wed, 08 Jul 2026)
USDJPY Trade Setup | Potential SELL Opportunity | 1H Timeframe USDJPY is currently trading around the 162.400 price region, where the market is approaching a critical technical resistance area. Recent price action indicates that bullish momentum is beginning to fade, while sellers are showing increasing interest at higher levels. If the market produces a confirmed bearish rejection from the current zone, a corrective decline could develop over the coming sessions. Current Market Area: 162.400 Technical Targets: Target 1: 162.200 Target 2: 162.000 Target 3: 161.800 Technical Analysis The 1-hour chart continues to highlight a technically significant supply zone where price is testing an area of previous market reaction. After an extended bullish advance, the pair is showing signs of slowing momentum, suggesting that sellers may attempt to regain short-term control. A confirmed rejection from the current resistance region, combined with bearish candlestick confirmation and increasing selling pressure, would strengthen the probability of a downside continuation. A decisive break below nearby intraday support would reinforce the bearish market structure and increase the likelihood of price extending toward the projected technical targets. Although the overall setup favors a bearish scenario, traders should avoid anticipating the move before confirmation. Waiting for a clear break in market structure and confirmation through price action can significantly improve trade quality. Proper risk management, disciplined position sizing, and adherence to a well-defined trading plan remain essential in all market conditions. Market Bias: Bearish (Subject to Technical Confirmation) Timeframe: 1 Hour (1H) This analysis is based exclusively on technical price action, market structure, and key support and resistance levels. It is intended for educational and analytical purposes only and should not be interpreted as financial or investment advice. Like, Comment, Share, and Follow for more professional market analysis, institutional-style trade setups, and high-quality technical trading insights.
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