USD/JPY 1-hour chart technical analysis next move possible
1. Support Zone (Blue Area at the Bottom) – This marks a strong demand area where price has previously found buyers.
2. Bullish Projection (Black and Blue Arrows) – The chart indicates an expectation of price bouncing from the support zone and moving upwards.
3. Potential Reversal – The price is consolidating near the support, suggesting a possible bullish move if buyers step in.
4. Economic Events (Red Icons) – These could be upcoming news releases that might impact USD/JPY, possibly triggering volatility.
The chart suggests a potential buying opportunity if the price holds above the support. Are you planning to trade this setup?
2. Bullish Projection (Black and Blue Arrows) – The chart indicates an expectation of price bouncing from the support zone and moving upwards.
3. Potential Reversal – The price is consolidating near the support, suggesting a possible bullish move if buyers step in.
4. Economic Events (Red Icons) – These could be upcoming news releases that might impact USD/JPY, possibly triggering volatility.
The chart suggests a potential buying opportunity if the price holds above the support. Are you planning to trade this setup?
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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.