M15 & H1 Intraday Key Levels|Bearish Bias
Market Structure: Bearish
Intraday Sentiment: Sell On rise
Session Focus: London| Nyc
London Market Overview
Although the USDJPY Forecast remains bearish on h1 higher time frame. However the USDJPY Forecast established change of character on h1 higher time frame during the asian session by giving decisive close below 157.117 in h1 time frame. On the other hand, a decisive close above 157.755 would establish the character shift towards bullish side.
Resistance Zones
M15 Resistance Zone
157.735 – 157.755
Fresh Supply Area
Anticipated Supply Reaction Area
H1 Resistance Zone
157.735 – 157.755
Fresh Supply Area
Multi-timeframe Resistance Alignment Area
Support Zones
M15 Support Zone
156.219 – 156.170
Pending Intraday Demand Area
Multi Timeframe Demand Zone
H1 Support Zone
156.219 – 156.170
Pending Intraday Demand Area
Multi Timeframe Demand Zone
Session Strategy
Although the sellers are dominating the USDJPY Forecast on h1 higher time frame. Meanwhile the buyers are active at 156.219 on h1 higher time frame. In addition, if 156.219 breaches then the sellers can dominate the price till 155.590. However the buyers remain active at 156.219 on h1 time frame.
Nyc Session Outlook
Although the price is continuing it’s bearish structure. Meanwhile the price approaching the h1 higher time-frame resistance at 157.735. Moreover the pending support will reman valid at 156.219 on h1 higher time frame. Therefore the downside would remain intact, until price holds 157.735 on h1 time frame.
Key Resistance And Support Zones
M15\H1 Resistance Zone
157.735 – 157.755
Fresh Supply Area
Multi-timeframe Resistance Alignment Area
H1 Support
156.219 – 156.170
Pending Intraday Demand Area
Multi Timeframe Demand Zone
Session Strategy
Although the sellers controlling the h1 higher time frame. Meanwhile the price established on h1 higher time frame resistance at 157.735. In addition, a decisive close above 157.972 on h1 time frame, the price would establish dual change of character on h1 higher time frame. Moreover if sellers dominate the price at h1 time frame resistance then the price may test the level at 156219 – 156.170 on h1 time frame. Furthermore downside would remain intact, as long as the price holds the resistance at 157.972 on h1 time frame
Key Takeways
Trend: Bearish
Bias: Sell on Rise
Follow H1 Structure
Disclaimer
Although this analysis is for educational and informational purposes only. Therefore it does not constitute financial advice. However always manage your risk and trade responsibly.
In addition, check out my Previous USDJPY Forecast
For daily USDJPY chart analysis refer my USDJPY Daily Analysis section.