USDJPY has bounced off the 145.250 support zone, respecting the lower boundary of a symmetrical triangle on the H4 timeframe. Price is now pushing upward, potentially aiming for the upper boundary near 148.500.
📌 Technical Outlook:
Structure: Triangle formation
Support tested: 145.250 – clean bounce observed
Bias: Bullish within the triangle toward resistance at 148.500
📍 Trade Idea:
Long Entry: 145.90–146.10
Stop Loss: Below 145.00 (under support + triangle base)
Take Profit: 148.50
Risk/Reward: ~1:2.5
⚠️ Wait for confirmation such as a bullish engulfing candle, breakout retest, or further oscillator confirmation before entry.
#USDJPY #forextrading #priceaction #trianglepattern #forexsetup #H4chart #forexideas #technicalanalysis #swingtrading #rsi #cci #jpy #yen #forexsignals #supportresistance
📌 Technical Outlook:
Structure: Triangle formation
Support tested: 145.250 – clean bounce observed
Bias: Bullish within the triangle toward resistance at 148.500
📍 Trade Idea:
Long Entry: 145.90–146.10
Stop Loss: Below 145.00 (under support + triangle base)
Take Profit: 148.50
Risk/Reward: ~1:2.5
⚠️ Wait for confirmation such as a bullish engulfing candle, breakout retest, or further oscillator confirmation before entry.
#USDJPY #forextrading #priceaction #trianglepattern #forexsetup #H4chart #forexideas #technicalanalysis #swingtrading #rsi #cci #jpy #yen #forexsignals #supportresistance
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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.