USDJPY has been climbing steadily in a clean upward channel since the start of June But now things are getting interesting The price has stalled just under the 145.28 resistance showing signs of hesitation We’ve got consolidation forming at the top of the channel – and when price stalls like this it usually means a bigger move is coming🔔 What’s Happening:
A triangle pattern formed within the rising channel Strong resistance has held around 145.28 and price is now ranging just below it. We might see one final push or fakeout higher… but if that fails, the real opportunity could be on the downside.
📉 Bearish Outlook:
If price drops below the 144.50–144.39 zone, that could trigger a stronger sell-off.
First support: 143.97
Next stop: 143.43
Deeper target: 142.52, even 141.90 if the move gains momentum.
⚙ Strategy Thoughts:
Wait for a clear break and retest below support – avoid getting caught in a fake move.
Watch for consolidation after the breakout – that could set up a solid continuation entry.
Don’t forget to manage your risk – big moves often follow these squeeze zones, but nothing is guaranteed
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
Trade closed: target reached
Good profit close!
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🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
Trade smarter with Linford 🤴
👇 join telegram channels now
#1: t.me/Trendlinford
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.