U.S. Dollar / Japanese Yen
Long
Updated

DeGRAM | USDJPY formed the triangle

241
📊 Technical Analysis
● Price defended the 142.80 confluence (triangle base + channel median), printing a bullish hammer and reclaiming the short-term trendline; structure now forms an ascending triangle inside the broader consolidation.
● Momentum is rising toward 146.50 – the pattern’s 1:1 swing and prior supply – with the next objective the upper triangle wall at 148.10. Invalid if candles fall back under 142.80.

💡 Fundamental Analysis
● Rebound in US ISM manufacturing and Fed minutes hinting “no near-term cuts” lifted 2-yr yields, while weak Japanese wage growth keeps the BoJ patient. The widening policy gap revives USD/JPY bid.

Summary
Long 143.4-144.1; targets 146.5 then 148.1. Exit on a 4 h close below 142.8.

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Trade closed: target reached
Closed +191 PIPS

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