USD/JPY (Inverse Chart) – Strong Downtrend ContinuesJAPANESE YEN / U.S. DOLLARFX_IDC:JPYUSDHenrybillionUSD/JPY (Inverse Chart) – Strong Downtrend Continues, Price Rejects Trendline and Sends New Sell Signal The chart shows a clear and sustained bearish trend as price continues to respect the descending trendline and reject every bullish attempt. The recent reaction at the trendline confirms that sellers are still aggressively defending the structure, suggesting the downtrend is not yet finished. The highlighted zone represents the latest bearish rejection, creating a potential continuation setup toward lower support levels. Technical Breakdown 1. Trendline Dominance Price has touched the descending trendline multiple times and failed to break above it. This confirms a well-respected bearish channel, with each retest yielding new selling pressure. 2. Market Structure Continuously forming lower highs and lower lows. No bullish BOS (Break of Structure) detected. Strong bearish candles indicate momentum from institutional flows. 3. EMA Outlook While EMAs are not directly shown, the price action clearly suggests price is trading below short-term and mid-term EMAs, consistent with strong bearish control. 4. RSI Behavior RSI (assumed from typical patterns) likely hovers in a bearish zone, aligning with extended downside momentum following multiple failed recovery attempts. Key Levels Resistance Zones 0.006395 – 0.006410 → Immediate rejection zone at trendline 0.006455 – 0.006470 → Upper supply area from previous distribution 0.006510 – 0.006525 → Higher resistance where major sellers previously stepped in Support Levels 0.006325 – 0.006335 → Near-term support, current target zone 0.006300 – 0.006285 → Extended bearish target if momentum accelerates Trading Strategy Primary Setup – Sell the Retest (Already Triggered on Chart) Entry: Near the trendline rejection zone Stop Loss: Above 0.006395 – 0.006410 Take Profit Zones: TP1: 0.006325 TP2: 0.006300 – 0.006285 This setup aligns perfectly with what your chart illustrates: a clean retest → rejection → continuation. Secondary Setup – Sell Break and Retest If price breaks below 0.006325, consider selling the retest. SL: Above 0.006345 Target: 0.006285 Invalidation Bullish scenario only activates if price breaks and closes above 0.006410 with strong volume. Otherwise, sellers remain fully in control. Outlook The downtrend is intact, momentum is strong, and the rejection at the trendline gives a clear continuation signal. As long as price remains below 0.006395, the bearish narrative dominates.