USD/JPY 4H Long Continuation Setup
Bullish Structure ✅ | Fib Retracement 🔢 | FVG Confluence 📦
📊 Market Context:
✅ Weekly: Bullish
✅ Daily: Bullish
✅ 4H: Still forming higher highs and higher lowsThe trend remains intact across all major timeframes, supporting a continuation bias for longs.
📉 Current Price Action:USD/JPY recently made a strong impulsive leg up and is now in a corrective pullback. Price is approaching a confluence zone of interest for a potential long re-entry.
🔁 Key Retracement Levels:
0.5 Fib: 157.24
0.618 Fib: 156.82
0.786 Fib: 156.28Price is approaching this golden pocket, offering a prime area for bullish reaction.
📦 Fair Value Gaps (FVGs):
A clean 4H FVG sits between 157.24–156.28
This imbalance zone overlaps with Fib retracement and a previously broken structure, increasing confluence for a bounce
📐 Trendline Support:Price is holding within a bullish trend channel. A reaction at the lower channel boundary (around the Fib + FVG zone) would suggest continuation of the trend.
🎯 Upside Targets:
TP1: Retest local high near 158.78
TP2: Fib extension at 159.60+
❌ Invalidation Level:
Break and close below 156.00 would invalidate this setup and suggest deeper correction or trend shift
📌 Summary:USD/JPY is offering a high-probability continuation setup within a strong uptrend. With Fib retracement, unfilled 4H FVGs, and ascending channel support all converging between 157.2–156.2, this zone becomes a key area to watch for.
Bullish Structure ✅ | Fib Retracement 🔢 | FVG Confluence 📦
📊 Market Context:
✅ Weekly: Bullish
✅ Daily: Bullish
✅ 4H: Still forming higher highs and higher lowsThe trend remains intact across all major timeframes, supporting a continuation bias for longs.
📉 Current Price Action:USD/JPY recently made a strong impulsive leg up and is now in a corrective pullback. Price is approaching a confluence zone of interest for a potential long re-entry.
🔁 Key Retracement Levels:
0.5 Fib: 157.24
0.618 Fib: 156.82
0.786 Fib: 156.28Price is approaching this golden pocket, offering a prime area for bullish reaction.
📦 Fair Value Gaps (FVGs):
A clean 4H FVG sits between 157.24–156.28
This imbalance zone overlaps with Fib retracement and a previously broken structure, increasing confluence for a bounce
📐 Trendline Support:Price is holding within a bullish trend channel. A reaction at the lower channel boundary (around the Fib + FVG zone) would suggest continuation of the trend.
🎯 Upside Targets:
TP1: Retest local high near 158.78
TP2: Fib extension at 159.60+
❌ Invalidation Level:
Break and close below 156.00 would invalidate this setup and suggest deeper correction or trend shift
📌 Summary:USD/JPY is offering a high-probability continuation setup within a strong uptrend. With Fib retracement, unfilled 4H FVGs, and ascending channel support all converging between 157.2–156.2, this zone becomes a key area to watch for.
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.
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.