U.S. Dollar / Japanese Yen
Long
Updated

USDJPY 4H BULLISH ZONE

120
Based on the USD/JPY 4-hour chart we provided, the market is currently in an ascending channel. A recent dip from the upper boundary of the channel suggests a possible retracement before a bounce back up. The chart indicates a bullish continuation pattern with a projected move toward the top of the channel and a marked target around 148.725–148.855.

Suggested Buy Trade Setup:

Entry Zone (Buy Limit):

Near the mid-channel or support trendline: 145.50–145.80


Take Profit Levels (TPs):

1. TP1: 147.00 – conservative target (near recent highs)

2. TP2: 148.00 – key resistance and psychological level

3. TP3: 148.725 – top of the channel

4. TP4: 148.855 – potential breakout level or final target

Stop Loss (SL):
Below channel support: 144.80–145.00, depending on risk appetite
Trade active
Trade activated running profit

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