USDJPY is respecting a clean bullish structure after rebounding from the 140.100 base. Price made a higher high near 148.650, followed by a pullback into the previous demand zone around 145.000.
Technical Breakdown:
Market Structure: Higher highs and higher lows indicate a strong uptrend.
Demand Zone: Clean reaction from the 145.000 zone, which previously acted as resistance-turned-support.
Target Zones:
First TP: 147.900 (previous swing high)
Final TP: 150.600 (key resistance level)
Invalidation Level: Close below 144.800 could invalidate this bullish scenario.
If price sustains above 145.000, the bullish trend is likely to continue.
As always, manage risk carefully.
Like & Follow for more clean, high-timeframe breakdowns!
Technical Breakdown:
Market Structure: Higher highs and higher lows indicate a strong uptrend.
Demand Zone: Clean reaction from the 145.000 zone, which previously acted as resistance-turned-support.
Target Zones:
First TP: 147.900 (previous swing high)
Final TP: 150.600 (key resistance level)
Invalidation Level: Close below 144.800 could invalidate this bullish scenario.
If price sustains above 145.000, the bullish trend is likely to continue.
As always, manage risk carefully.
Like & Follow for more clean, high-timeframe breakdowns!
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.
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.