The price perfectly fulfilled my previous idea. 
USDJPY is moving inside an upward channel after reclaiming support near 145.25 and breaking out from its previous range. The pair printed a higher low and is now approaching resistance around 146.78, testing the upper boundary of the ascending channel. If it fails to break through the red resistance trendline, a retracement toward the 145.25–145.00 support is likely.
📈 Key Levels
💡 Risks
USDJPY is moving inside an upward channel after reclaiming support near 145.25 and breaking out from its previous range. The pair printed a higher low and is now approaching resistance around 146.78, testing the upper boundary of the ascending channel. If it fails to break through the red resistance trendline, a retracement toward the 145.25–145.00 support is likely.📈 Key Levels
- Buy zone: 146.78 - 147.00
- Sell trigger: rejection from 146.78 and lower high below resistance
- Target: 145.25
- Buy trigger: bullish breakout above 147.00 with momentum confirmation
💡 Risks
- Price rejection near 146.78 may cause a sharp pullback
- A surge above 147.00 breaks trendline structure
- Market reaction to macro data could distort short-term pattern
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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Price in Entry Poin!Good Seel signal
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💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.