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USD/JPY Intraday Signal: Bearish Trendline Cap Below 146.70

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Trade Signal Description:
Strategy : FXNova
Symbols : USDJPY
Type : Sell
Enter : 146.60
Stop Lost : 147.20
Target A : 145.60
Target B : 145.20
Target C :
Risk :
Description : USD/JPY remains under pressure below 146.70, with targets at 145.60 and 145.20 as the downtrend persists.

USD/JPY Intraday Signal: Capped by Bearish Trendline Below 146.70

Analyses:
USD/JPY is encountering resistance at 146.70, aligned with a descending trendline. As long as price remains below this level, the bearish outlook remains intact. Downside targets are set at 145.60 and 145.20. A confirmed break above 146.70 would invalidate this bias and pave the way toward 147.20 and 147.60.

Enter: 146.60
SL: 147.20
Target A: 145.60
Target B: 145.20

🔴 Signal Result

⛔️ Stop Loss was triggered at 147.20, resulting in a 60-pip loss from the entry at 146.60.
The bearish setup was invalidated after price broke above the descending trendline and key resistance at 146.70.

We continue to monitor USD/JPY for new opportunities under changing market conditions.

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Our signals typically include up to three Take Profit (TP) levels. Here’s how to manage them effectively:

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