The market structure on 
USDJPY is showing signs of weakness following a liquidity sweep above resistance After printing a classic Head and Shoulders formation and forming a potential rising flag price is now testing a critical trigger zone Key Highlights
Head and Shoulders Pattern: Classic reversal signal completed earlier
Liquidity Grab above 145.281 rejecting strongly near 145.455
Current structure forming a rising channel, suggesting a potential bear flag.
Price is hovering near the 144.404 trigger zone – a break below could open the door for a deeper correction 🗺 What's Next? If the bear flag breaks to the downside, we could see a quick move toward: 143.378 (POI) Then into 142.588 – a strong demand zone
A rejection from current levels would reinforce the bearish outlook.
Only a breakout above 145.455 and sustained momentum could invalidate this setup.
Zones to Watch:
Resistance: 145.280–145.455
Trigger: 144.404
Support: 143.378 → 142.588
Demand zone: 142.588–142.030
Summary: USDJPY is trading within a potentially bearish structure following a textbook liquidity sweep and rising wedge formation. A breakdown could shift momentum firmly to the downside. Stay alert for a trigger confirmation
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
USDJPY is showing signs of weakness following a liquidity sweep above resistance After printing a classic Head and Shoulders formation and forming a potential rising flag price is now testing a critical trigger zone Key HighlightsHead and Shoulders Pattern: Classic reversal signal completed earlier
Liquidity Grab above 145.281 rejecting strongly near 145.455
Current structure forming a rising channel, suggesting a potential bear flag.
Price is hovering near the 144.404 trigger zone – a break below could open the door for a deeper correction 🗺 What's Next? If the bear flag breaks to the downside, we could see a quick move toward: 143.378 (POI) Then into 142.588 – a strong demand zone
A rejection from current levels would reinforce the bearish outlook.
Only a breakout above 145.455 and sustained momentum could invalidate this setup.
Zones to Watch:
Resistance: 145.280–145.455
Trigger: 144.404
Support: 143.378 → 142.588
Demand zone: 142.588–142.030
Summary: USDJPY is trading within a potentially bearish structure following a textbook liquidity sweep and rising wedge formation. A breakdown could shift momentum firmly to the downside. Stay alert for a trigger confirmation
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
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🚀 Tap to join – no copy needed!
Get FREE Forex signals with a 1:3 to 1:5 Risk-Reward Ratio
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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.