USDJPY has bounced off the 145.250 support zone, respecting the lower boundary of a symmetrical triangle on the H4 timeframe. Price is now pushing upward, potentially aiming for the upper boundary near 148.500.
📌 Technical Outlook:
Structure: Triangle formation
Support tested: 145.250 – clean bounce observed
Bias: Bullish within the triangle toward resistance at...
USD/JPY possible break below key support on the H4 timeframe, signaling potential bearish momentum. Price action shows a clean rejection at resistance, followed by a strong bearish candle confirming the breakout.
Key Levels:
🔸 Support turned resistance at 149.270
Trade Plan:
🔻 Short below 149.040
🎯 Target 1: 147.190
🛑 SL above 149.630
