![USDJPY: End Of Week Technical Analysis - Breakdown to Bearish Area USDJPY: End Of Week Technical Analysis - Breakdown to Bearish Area](https://c.mql5.com/6/562/splash-546818.png)
USDJPY: End Of Week Technical Analysis - Breakdown to Bearish Area
24 April 2015, 18:11
![Sergey Golubev Sergey Golubev](https://c.mql5.com/avatar/2012/12/50D09349-3D90.jpg)
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USDJPY
D1 price is on primary bearish with secondary ranging market condition: price is inside Ichimoku cloud for trying to break Senkou Span B line (one of the border of Ichimoku cloud) and 118.53 support level for the bearish market condition to be continuing.
H4 price is on bearish breakout which was started on this timeframe on open bar for now:
- Chinkou Span line is located above and near the price to be ready to cross it from above to below for good confirmed breakdown.
- The
price is breaking Senkou Span A line on open H4 bar which is the last border of Ichimoku cloud. The price is reversed from the primary bullish to the primary bearish by breaking Senkou Span A line and 119.14 on open H4 bar for now.
- Nearest resistance levels are 119.71 and 120.08.
- Nearest support level is 119.14
If not so
we may see the ranging
- Recommendation for short: watch the price for breaking 119.14 level on close H4 bar
- Recommendation
to go long: n/a
- Trading Summary: breakdown