USD/JPY has broken out of a bullish triangle pattern on the H1 timeframe, signaling potential upside continuation. Price action confirms a strong breakout above resistance, with momentum favoring further gains.
🔹 Key Levels:
✅ Resistance Turned Support: 148
✅ Next Resistance Target: 150
🔹 Trade Setup:
📈 Buy Entry: Above 148.1
🎯 Target 1: 148.6
🎯 Target 2: 150
🛑 Stop Loss: 147.8
📊 Technical Confirmation:
✔️ Breakout from bullish triangle pattern 📈
✔️ Increasing bullish momentum 🔥
✔️ Retest potential for a better entry 🎯
💡 Hashtags for SEO:
#USDJPY #ForexTrading #PriceAction #TechnicalAnalysis #ForexSignals #TradingSetup #BreakoutTrading #ForexStrategy #TradingView
This breakout could offer a strong risk-reward opportunity if momentum holds. Let me know your thoughts! 🚀📈
🔹 Key Levels:
✅ Resistance Turned Support: 148
✅ Next Resistance Target: 150
🔹 Trade Setup:
📈 Buy Entry: Above 148.1
🎯 Target 1: 148.6
🎯 Target 2: 150
🛑 Stop Loss: 147.8
📊 Technical Confirmation:
✔️ Breakout from bullish triangle pattern 📈
✔️ Increasing bullish momentum 🔥
✔️ Retest potential for a better entry 🎯
💡 Hashtags for SEO:
#USDJPY #ForexTrading #PriceAction #TechnicalAnalysis #ForexSignals #TradingSetup #BreakoutTrading #ForexStrategy #TradingView
This breakout could offer a strong risk-reward opportunity if momentum holds. Let me know your thoughts! 🚀📈
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.
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.