The Dollar-Yen pair is trading at 144.05, showing signs of strength after bouncing off a strong daily demand zone around 140.55. Price has respected this zone several times since May, suggesting a solid base for a bullish move.
🟠 Key Demand Zone (Support): 140.55 – 141.00
🔵 Major Resistance Ahead:
• 150.63 (mid-range key level)
• 155.70 – 157.00 (supply zone & previous highs)
📈 Bullish Outlook:
If price holds above 140.55, we could see a breakout of the minor range consolidation heading into July. First target sits at 150.63, and further upside could see a retest of the supply zone around 156.
📉 Bearish Risk:
Failure to hold above 140.55 opens up room for a deeper correction — but strong demand and historical bullish reactions favor the bulls for now.
🔍 Why This Matters:
• Clean demand zone reaction
• Low volatility = possible expansion phase ahead
• JPY fundamentals remain weak, giving USD strength tailwind
💡 Watch for a breakout candle above recent consolidation highs to confirm the next leg upward.
📅 Timeframe: Daily (1D)
🧠 Tools: LuxAlgo Supply & Demand Visible Range
🚀 Will USDJPY rally toward 150+ or stall at mid-resistance? Let’s talk setups👇
#USDJPY #ForexSetup #SmartMoney #DailyChart #SupplyDemand #PriceAction #BreakoutTrade #TradingView #FrankFx #YenWatch #LuxAlgo
🟠 Key Demand Zone (Support): 140.55 – 141.00
🔵 Major Resistance Ahead:
• 150.63 (mid-range key level)
• 155.70 – 157.00 (supply zone & previous highs)
📈 Bullish Outlook:
If price holds above 140.55, we could see a breakout of the minor range consolidation heading into July. First target sits at 150.63, and further upside could see a retest of the supply zone around 156.
📉 Bearish Risk:
Failure to hold above 140.55 opens up room for a deeper correction — but strong demand and historical bullish reactions favor the bulls for now.
🔍 Why This Matters:
• Clean demand zone reaction
• Low volatility = possible expansion phase ahead
• JPY fundamentals remain weak, giving USD strength tailwind
💡 Watch for a breakout candle above recent consolidation highs to confirm the next leg upward.
📅 Timeframe: Daily (1D)
🧠 Tools: LuxAlgo Supply & Demand Visible Range
🚀 Will USDJPY rally toward 150+ or stall at mid-resistance? Let’s talk setups👇
#USDJPY #ForexSetup #SmartMoney #DailyChart #SupplyDemand #PriceAction #BreakoutTrade #TradingView #FrankFx #YenWatch #LuxAlgo
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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.