USD/JPY 4H Analysis: Demand Zone Re-Test Before Bullish Continua
1. Trend Channel
🔼 Uptrend: The pair is moving inside an ascending channel.
▪️ Support: Lower boundary of the channel.
▪️ Resistance: Upper boundary of the channel.
2. Recent Price Action
🔴 Pullback: After reaching the top at 146.199, price is retracing.
📉 Price is now heading toward the Demand Zone.
3. Demand Zone
🟦 Demand Zone (142.405 – 143.180):
This zone could act as a strong support
Buyers might step in here
Watch for bullish patterns or rejections around this area
4. EMA 70
📏 EMA 70 (143.568) is slightly below current price (143.949) — this may offer temporary support/resistance.
5. Target
🎯 Target Point: 146.194
If price bounces from demand zone, this is the next bullish target.
Possible Scenario
1. 🔽 Price dips into the Demand Zone
2. 🟢 Bullish bounce → Confirm with candlestick signals
3. 🚀 Upside move targeting 146.194
🔼 Uptrend: The pair is moving inside an ascending channel.
▪️ Support: Lower boundary of the channel.
▪️ Resistance: Upper boundary of the channel.
2. Recent Price Action
🔴 Pullback: After reaching the top at 146.199, price is retracing.
📉 Price is now heading toward the Demand Zone.
3. Demand Zone
🟦 Demand Zone (142.405 – 143.180):
This zone could act as a strong support
Buyers might step in here
Watch for bullish patterns or rejections around this area
4. EMA 70
📏 EMA 70 (143.568) is slightly below current price (143.949) — this may offer temporary support/resistance.
5. Target
🎯 Target Point: 146.194
If price bounces from demand zone, this is the next bullish target.
Possible Scenario
1. 🔽 Price dips into the Demand Zone
2. 🟢 Bullish bounce → Confirm with candlestick signals
3. 🚀 Upside move targeting 146.194
Trade closed: target reached
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
t.me/JaMesGoldFiGhteR786
join my refferal broker
xmglobal.com/referral?token=S4yGyqPUmU9uAANtb_YUoA
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.