The USD/JPY daily chart indicates a potential bullish reversal setup. Price has been consolidating within a descending trendline and has recently bounced from a strong support zone around 140.000. The presence of multiple rejections from the lower support zone suggests buying interest. A breakout above the trendline confirms bullish momentum. The Ichimoku cloud is narrowing, indicating potential for trend shift. The market is eyeing a move towards the next resistance zone aligned near a previous supply area. Bullish confirmation with rising volume could fuel further upside. A break and hold above resistance may lead to further continuation in the coming sessions.
Entry Point: 142.100/141.000
Target Point: 151.110
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Entry Point: 142.100/141.000
Target Point: 151.110
If you found this analysis helpful, don’t forget to drop a like and comment. Your support keeps quality ideas flowing—let’s grow and win together! 💪📈
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Gold Signal's with proper TP & SL for high profit opportunities..
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Join telegram channel free ..
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
t.me/GoldMan0009
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
Gold Signal's with proper TP & SL for high profit opportunities..
t.me/GoldMan0009
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.