USDJPY has bounced off the strong demand zone (orange box) multiple times, signaling solid buyer interest near 140.550 – 141.855. Price is currently reacting bullishly after testing this zone again, forming a potential higher low—a classic bullish continuation signal.
🔵 The 150.635 resistance remains a mid-term target, but a clean break above it could open the way toward the major supply zone around 160.606 where heavy institutional interest may come in.
🟨 Notice how price has respected this demand zone since late 2023, forming a possible accumulation range. With upcoming U.S. economic data (highlighted by the flag icons), volatility is expected—traders should be prepared for a strong breakout move.
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📌 Trade Idea:
Buy Limit: 141.800 (inside demand zone)
SL: 139.800 (below support structure)
TP1: 150.635
TP2: 160.000+
✅ Risk-Reward: Favorable
📈 Trend: Bullish on confirmation of higher low
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🔍 Watchlist Add-On: If price fails to hold above 140.550, sellers might retest 137.000 zones. Manage risk accordingly.
📅 Upcoming Events: Watch for NFP, CPI, and BoJ pressers—high volatility expected.
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💬 Drop your thoughts in the comments—Bullish or Bearish bias on USDJPY?
📌 Don’t forget to LIKE and FOLLOW for daily FX setups! 🔔
#USDJPY #ForexTrading #PriceAction #SmartMoney #SupplyAndDemand #FXSetup #TradingView #TechnicalAnalysis #LuxAlgo #FrankFx14
🔵 The 150.635 resistance remains a mid-term target, but a clean break above it could open the way toward the major supply zone around 160.606 where heavy institutional interest may come in.
🟨 Notice how price has respected this demand zone since late 2023, forming a possible accumulation range. With upcoming U.S. economic data (highlighted by the flag icons), volatility is expected—traders should be prepared for a strong breakout move.
---
📌 Trade Idea:
Buy Limit: 141.800 (inside demand zone)
SL: 139.800 (below support structure)
TP1: 150.635
TP2: 160.000+
✅ Risk-Reward: Favorable
📈 Trend: Bullish on confirmation of higher low
---
🔍 Watchlist Add-On: If price fails to hold above 140.550, sellers might retest 137.000 zones. Manage risk accordingly.
📅 Upcoming Events: Watch for NFP, CPI, and BoJ pressers—high volatility expected.
---
💬 Drop your thoughts in the comments—Bullish or Bearish bias on USDJPY?
📌 Don’t forget to LIKE and FOLLOW for daily FX setups! 🔔
#USDJPY #ForexTrading #PriceAction #SmartMoney #SupplyAndDemand #FXSetup #TradingView #TechnicalAnalysis #LuxAlgo #FrankFx14
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