🔍 USDJPY Technical Analysis 4H Chart
▪️Trend Overview:
USDJPY has recently broken above a downward trendline, signaling a potential bullish continuation after strong buying momentum.
▪️Key Technical Zones:
▫️Support Level: Around 143.200 recently respected, acting as a solid base.
▫️Breakout Confirmation: Price has closed above the descending trendline and retested it as new support.
▫️ Target Area: 148.000 zone marked as a major supply or resistance area.
▪️Outlook:
The pair is showing bullish strength following a successful breakout and retest. If price sustains above the breakout zone, it is likely to rally toward the 147.800-148.000 supply zone.
▪️Strategy Note:
Look for buying opportunities on minor pullbacks above 144.000, with stops below 143.200 and targets near the upper resistance zone.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
▪️Trend Overview:
USDJPY has recently broken above a downward trendline, signaling a potential bullish continuation after strong buying momentum.
▪️Key Technical Zones:
▫️Support Level: Around 143.200 recently respected, acting as a solid base.
▫️Breakout Confirmation: Price has closed above the descending trendline and retested it as new support.
▫️ Target Area: 148.000 zone marked as a major supply or resistance area.
▪️Outlook:
The pair is showing bullish strength following a successful breakout and retest. If price sustains above the breakout zone, it is likely to rally toward the 147.800-148.000 supply zone.
▪️Strategy Note:
Look for buying opportunities on minor pullbacks above 144.000, with stops below 143.200 and targets near the upper resistance zone.
🔹Community Insight:
If you find this analysis helpful in your trading journey, feel free to share your thoughts or questions in the comments. Let’s work together to maintain a disciplined, technical approach to the markets.
▪️Follow for regular updates and trade setups.
Trade active
Trade closed: target reached
💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.