[b]USD/JPY 1H TECHNICAL OUTLOOK[/b]
Market Overview
The pair shows an uptrend (Moderate, 28.6% Confidence), supported by higher lows and a bullish slope on the moving averages. Current Trend Score of 0.60 suggests mild upward momentum with room for potential continuation. Focus on price behavior around these pivots. A confirmed breakout or sustained rejection at key resistance will shape the next intraday move. Adjust stops and targets accordingly to manage risk in a moderate-confidence uptrend.
Key Levels
Potential Scenarios
The pair shows an uptrend (Moderate, 28.6% Confidence), supported by higher lows and a bullish slope on the moving averages. Current Trend Score of 0.60 suggests mild upward momentum with room for potential continuation. Focus on price behavior around these pivots. A confirmed breakout or sustained rejection at key resistance will shape the next intraday move. Adjust stops and targets accordingly to manage risk in a moderate-confidence uptrend.
Key Levels
- Support: 155.41
- Pivot Low: 154.98
- Stoploss: 154.77
- Resistance: 156.82750 (Mid Pivot)
- Buy TP 3: 157.31208
- Sell Order:158.26643
- MAs: Upward sloping on 1H, reinforcing short-term bullish structure.
Potential Scenarios
- Buy on Pullbacks: Look for entries near 155.41–154.980
- Target: 156.82 and 157.31
- Breakout Attempt: A strong rally through 158.20 could extend gains toward 159.00.
- Reversal Risk: A move below 154.77500 would invalidate this bullish bias.
Professor C. E. Ward
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.
Professor C. E. Ward
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.