USDJPY Buy Setup – Bullish Structure & Daily Rebound
USDJPY is showing signs of renewed bullish momentum after rejecting a significant daily low. Price action on the 1-hour timeframe has confirmed the formation of a higher low, followed by a clean break above a key daily support level—now turned support once again. This shift in market structure indicates a potential continuation of the uptrend, supported by higher highs and higher lows on the intraday chart.
Technical Highlights:
Strong rejection from a daily low zone
Bullish structure confirmed on the 1H timeframe
Price reclaiming a key support level and holding above it
Momentum suggests potential continuation toward higher targets
Trade Setup:
Entry: 145.110
Stop Loss: 144.754
Target Levels:
Take Profit 1: 145.709
Take Profit 2: 146.747
Take Profit 3: 148.014
This setup offers a favorable risk-to-reward ratio within a well-defined bullish context. Wait for a solid candle confirmation if not already entered, and always manage your risk according to your trading plan.
Drop your thoughts or questions in the comments, and if you found this valuable, hit boost and follow for more structured trade ideas. Wishing you precision and profits!
USDJPY is showing signs of renewed bullish momentum after rejecting a significant daily low. Price action on the 1-hour timeframe has confirmed the formation of a higher low, followed by a clean break above a key daily support level—now turned support once again. This shift in market structure indicates a potential continuation of the uptrend, supported by higher highs and higher lows on the intraday chart.
Technical Highlights:
Strong rejection from a daily low zone
Bullish structure confirmed on the 1H timeframe
Price reclaiming a key support level and holding above it
Momentum suggests potential continuation toward higher targets
Trade Setup:
Entry: 145.110
Stop Loss: 144.754
Target Levels:
Take Profit 1: 145.709
Take Profit 2: 146.747
Take Profit 3: 148.014
This setup offers a favorable risk-to-reward ratio within a well-defined bullish context. Wait for a solid candle confirmation if not already entered, and always manage your risk according to your trading plan.
Drop your thoughts or questions in the comments, and if you found this valuable, hit boost and follow for more structured trade ideas. Wishing you precision and profits!
Note
Pay close attention the lows at 145.206 for a potential reversal. Make sure price holds above this area of resistance.
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.