📈 USD/JPY 4H Chart Analysis – Bullish Breakout Ahead? 🚀💹
The USD/JPY pair is currently approaching a critical resistance zone (145.800 - 146.000), which has acted as a strong supply area in the past. The price has shown bullish momentum as it builds higher lows and heads toward this resistance.
🔍 Key Observations:
🔵 Resistance Zone: Clearly marked and tested multiple times. A breakout above this level could trigger a bullish continuation.
📊 Bullish Structure: The pair is forming a strong uptrend with higher highs and higher lows on the 4H timeframe.
🔄 Retest Scenario: Chart suggests a potential breakout above the resistance, followed by a bullish retest before continuing toward the target zone at ~148.900.
🟢 Upside Target: 148.900 (Previous swing high) – a potential gain of over 300 pips from breakout point.
📌 Trading Outlook:
✅ A confirmed breakout and retest of the resistance zone could offer a high-probability long setup.
❌ A failure to break and hold above the resistance may result in short-term consolidation or reversal.
📅 Watch Levels:
Resistance: 145.800 – 146.000
Support (breakout retest): 145.200 – 145.500
Bullish Target: 148.900
📢 Conclusion: Bulls are in control as long as price sustains above the resistance zone. A clean breakout followed by a retest could offer an attractive buying opportunity with a well-defined risk-to-reward setup. 🔥📊
The USD/JPY pair is currently approaching a critical resistance zone (145.800 - 146.000), which has acted as a strong supply area in the past. The price has shown bullish momentum as it builds higher lows and heads toward this resistance.
🔍 Key Observations:
🔵 Resistance Zone: Clearly marked and tested multiple times. A breakout above this level could trigger a bullish continuation.
📊 Bullish Structure: The pair is forming a strong uptrend with higher highs and higher lows on the 4H timeframe.
🔄 Retest Scenario: Chart suggests a potential breakout above the resistance, followed by a bullish retest before continuing toward the target zone at ~148.900.
🟢 Upside Target: 148.900 (Previous swing high) – a potential gain of over 300 pips from breakout point.
📌 Trading Outlook:
✅ A confirmed breakout and retest of the resistance zone could offer a high-probability long setup.
❌ A failure to break and hold above the resistance may result in short-term consolidation or reversal.
📅 Watch Levels:
Resistance: 145.800 – 146.000
Support (breakout retest): 145.200 – 145.500
Bullish Target: 148.900
📢 Conclusion: Bulls are in control as long as price sustains above the resistance zone. A clean breakout followed by a retest could offer an attractive buying opportunity with a well-defined risk-to-reward setup. 🔥📊
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
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t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
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.
Market Analysts, Mentor, Forex Trader.
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
#XAUUSD Trader
FREE ANALYSIS AT ENTRY POINT.
Your Growth Is My Priority link
t.me/VikingFxCommunityAcademy
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.