USDJPY is approaching a retest of the 144.20–144.30 support band after rebounding from a wedge breakdown and reclaiming structure within a broader ascending formation. Price remains under the downward trendline, but a successful bounce here could fuel another push toward 146. A higher low above 144.20 would confirm bullish intent.📈 Key Levels
- Buy zone: 144.20–144.40
- Sell trigger: breakdown below 144.00
- Target: 146.00
- Buy trigger: breakout and hold above 145.00
💡 Risks
- Rejection at the downward trendline limits upside potential
- Failure to hold the 144.20 base could reverse the bullish structure
- JPY strength from macro news could suppress breakout attempts
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
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🌎WebSite: lingrid.org
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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.