30h Candle confirmed break out!
📢 USDJPY – 30H Breakout Confirmed
Technical Outlook:
Confirmed breakout on the 30H candle, signaling bullish.
Resistance break!
A Inverse Head & Shoulders pattern observed, though the right shoulder is slightly weaker than the left.
For safety, Stop Loss placed below the last Higher Low (HL) to respect market structure.
📍 Key Line:
“Imperfect structures can still produce perfect trades — when aligned with price action and fundamentals.”
🌐 USD Fundamentals Supporting the Bias:
Stronger-than-expected economic data (e.g., recent PMI and labor reports) continues to support USD strength.
Fed's hawkish stance and higher-for-longer rate policy remain favorable for the dollar against low-yielding currencies like JPY.
📢 USDJPY – 30H Breakout Confirmed
Technical Outlook:
Confirmed breakout on the 30H candle, signaling bullish.
Resistance break!
A Inverse Head & Shoulders pattern observed, though the right shoulder is slightly weaker than the left.
For safety, Stop Loss placed below the last Higher Low (HL) to respect market structure.
📍 Key Line:
“Imperfect structures can still produce perfect trades — when aligned with price action and fundamentals.”
🌐 USD Fundamentals Supporting the Bias:
Stronger-than-expected economic data (e.g., recent PMI and labor reports) continues to support USD strength.
Fed's hawkish stance and higher-for-longer rate policy remain favorable for the dollar against low-yielding currencies like JPY.
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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.