Test 3　Dollar/Yen this week　2015-4-21 > 2025-4-25　【Trend Line Pro 2】

A brief recap of this week's USD/JPY.
We prepare a video for behavior verification every week, so I will first paste that here.

The basic strategy this week is that the downtrend continues, so the plan was to sell on reversals after a pullback to higher levels.
As a result, it quickly tested the downside, approaching a strong resistance just 30 pips before the round number of 140 yen, piercing only the level, and moved to test higher levels.


【Next Week's Basic Strategy】


The image above shows USD/JPY on the monthly, weekly, daily, and 4-hour charts.
The white circle on the monthly chart is being watched closely, and this week it seemed that the nearby round-number 140 yen was respected and reversed.
Downtrend has been stalled, and a triangle consolidation is in focus.
That said, a downtrend reversal is not yet confirmed.
On the most watched daily chart, we are at a stage of a temporary rebound within a downtrend.
Whether it will attack the white circle or test higher levels for a while will likely be decided next week.


The image above shows USD/JPY on the weekly, daily, 4-hour, and 1-hour charts.
Looking at the lines, it seems the weekly white circle and 140 yen are acting as support/resistance to bounce off.
In the near term, the white line on the 4-hour chart is a resistance that is likely to be watched closely.
Once it breaks above the first level, the momentum to move higher is likely to strengthen.
If it does not break higher and the trendline on the 1-hour chart breaks downward, the market may show a somewhat directionless pattern or test the downside again (the monthly white circle).
Continuing to remove preconceptions, I will focus on clearly observed key points and follow the market.