USD/JPY is currently trading inside an ascending channel holding firm within a mid-range consolidation. The market has been respecting both dynamic trendline support and horizontal levels with precision
🔍 Key Observations:
Ascending Channel: The pair is trending upwards, respecting clean higher lows (marked by green arrows).
Range Formation: Price is stuck within a horizontal range (144.410 – 145.761), showing signs of absorption before the next breakout.
Liquidity Zone: Below 144.410 lies a major liquidity pocket near 143.983, which could act as a springboard for bullish continuation.
🧭 Trade Ideas:
1. Scenario A – Direct Breakout:
If price clears 145.761, expect bullish continuation toward 146.500 (upper channel resistance).
2. Scenario B – Sweep & Reclaim:
If price fakes below 144.410 (trigger level) and taps liquidity near 143.983, a bullish rejection here could offer a high-probability long setup back into the range and higher.
🔐 Key Levels:
Resistance: 145.761 / 145.461
Trigger Support: 144.410
Deep Liquidity Zone: 143.983
Channel Target: 146.500
Summary: USD/JPY is poised for a move. Whether it breaks out directly or pulls back to grab liquidity first, the path seems to lean bullish. Watch closely for structure confirmation and stay patient.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
🔍 Key Observations:
Ascending Channel: The pair is trending upwards, respecting clean higher lows (marked by green arrows).
Range Formation: Price is stuck within a horizontal range (144.410 – 145.761), showing signs of absorption before the next breakout.
Liquidity Zone: Below 144.410 lies a major liquidity pocket near 143.983, which could act as a springboard for bullish continuation.
🧭 Trade Ideas:
1. Scenario A – Direct Breakout:
If price clears 145.761, expect bullish continuation toward 146.500 (upper channel resistance).
2. Scenario B – Sweep & Reclaim:
If price fakes below 144.410 (trigger level) and taps liquidity near 143.983, a bullish rejection here could offer a high-probability long setup back into the range and higher.
🔐 Key Levels:
Resistance: 145.761 / 145.461
Trigger Support: 144.410
Deep Liquidity Zone: 143.983
Channel Target: 146.500
Summary: USD/JPY is poised for a move. Whether it breaks out directly or pulls back to grab liquidity first, the path seems to lean bullish. Watch closely for structure confirmation and stay patient.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you!
Best Regards TrendLinford!
Trade closed: target reached
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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.
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.