USD/JPY Technical Analysis: Key Levels and Potential ScenariosThis analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook.
USD/JPY Technical Analysis: Key Levels and Potential Scenarios
This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook.
Key Levels:
Critical Zone: 155.47–154.75
This zone acts as a pivotal level for the continuation of the uptrend.
As long as the daily candle does not close below this range, the bullish scenario remains valid.
Upside Targets:
The first resistance level is identified at 160.099.
A breakout above this level could lead to further gains, with the next target at 161.753.
Indicator Insights:
DTOsc (DT Oscillator):
The oscillator is moving toward the oversold region.
This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend.
USD/JPY Technical Analysis: Key Levels and Potential Scenarios
This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook.
Key Levels:
Critical Zone: 155.47–154.75
This zone acts as a pivotal level for the continuation of the uptrend.
As long as the daily candle does not close below this range, the bullish scenario remains valid.
Upside Targets:
The first resistance level is identified at 160.099.
A breakout above this level could lead to further gains, with the next target at 161.753.
Indicator Insights:
DTOsc (DT Oscillator):
The oscillator is moving toward the oversold region.
This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend.
Potential Scenarios:
Bullish Scenario:
If the 155.47–154.75 support zone holds and the daily candle closes above this range, the pair is likely to resume its uptrend toward the 160.099 and 161.753 targets.
Bearish Scenario:
A daily close below 154.75 would invalidate the bullish outlook and may lead to increased selling pressure.
Conclusion:
USD/JPY is trading within a critical range, with the 155.47–154.75 level serving as a decisive zone for the continuation of the uptrend. As long as this level holds on a daily closing basis, the pair is expected to climb toward its higher targets.
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