Technical Analysis USD/JPY
🔹 Trendline Breakout Signals Potential Upside
USD/JPY has broken out above a descending trendline, indicating a possible shift in momentum from bearish to bullish.
🔹 Support Area Holds Firm
The support zone around 142.00 has been respected multiple times, confirming strong buying interest at this level.
🔹 Upside Target in Sight
If bullish momentum continues, the price could aim for the 144.86 target area, aligning with previous resistance and the 200 EMA.
🔹 Watch for Retest Confirmation
A minor pullback toward the breakout level could provide a retest opportunity before further upside movement.
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🔹 Trendline Breakout Signals Potential Upside
USD/JPY has broken out above a descending trendline, indicating a possible shift in momentum from bearish to bullish.
🔹 Support Area Holds Firm
The support zone around 142.00 has been respected multiple times, confirming strong buying interest at this level.
🔹 Upside Target in Sight
If bullish momentum continues, the price could aim for the 144.86 target area, aligning with previous resistance and the 200 EMA.
🔹 Watch for Retest Confirmation
A minor pullback toward the breakout level could provide a retest opportunity before further upside movement.
If you enjoy, press the like button.
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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/+Dsyl8z6KZao3ZDU8
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/+Dsyl8z6KZao3ZDU8
🚀FREE CRYPTO Signals In Telegram: t.me/+Dsyl8z6KZao3ZDU8
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/+Dsyl8z6KZao3ZDU8
🚀FREE CRYPTO Signals In Telegram: t.me/+Dsyl8z6KZao3ZDU8
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.