USD/JPY is trading above a potential demand zone between 143.827 and 143.449, following a recent bounce. This zone aligns with prior structure support and could act as a re-entry level for bullish momentum.
If price retests and holds this area, a move toward the 144.490 resistance could unfold. A clean break above that level might open the door toward 145.138.
However, a confirmed break below 143.449 would invalidate the bullish idea and signal a potential shift in short-term sentiment.
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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.