This USD/JPY (1H) chart shows a bullish setup:
Price is respecting the ascending channel (support & rejection lines).
Currently, price is near the FVG (Fair Value Gap) zone between 147.257 – 147.526, suggesting a possible retracement before continuation upward.
Both EMA 70 & EMA 200 are aligned closely, acting as dynamic support.
A long entry is expected from the FVG zone with a target point at 148.975 – 149.002.
Stop-loss lies below the FVG around 147.251.
👉 Overall bias: Bullish continuation towards 149.00 after filling the FVG.
Price is respecting the ascending channel (support & rejection lines).
Currently, price is near the FVG (Fair Value Gap) zone between 147.257 – 147.526, suggesting a possible retracement before continuation upward.
Both EMA 70 & EMA 200 are aligned closely, acting as dynamic support.
A long entry is expected from the FVG zone with a target point at 148.975 – 149.002.
Stop-loss lies below the FVG around 147.251.
👉 Overall bias: Bullish continuation towards 149.00 after filling the FVG.
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YOUR GROWTH IS MY PRIORITY
JOIN MY TELEGRAM CHANNEL LINK BELOW
t.me/JacKyGoldtraDer786
JOIN MY REFERALL BROKER IB BELOW
one.exnesstrack.org/a/g565sj1uo7?source=app
JOIN MY TELEGRAM CHANNEL LINK BELOW
t.me/JacKyGoldtraDer786
JOIN MY REFERALL BROKER IB BELOW
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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.