Technical Pattern Analysis
Current Trend:
USD/JPY has shown a strong bullish structure, characterized by higher highs and higher lows. This indicates increasing buying pressure and positive momentum.
Possible Bullish Patterns Observed:
Ascending Triangle: This is a bullish continuation pattern often indicating that buyers are gaining strength before a breakout.
Bullish Flag: A short-term consolidation that generally resolves in the direction of the previous trend (upward).
Breakout Above Resistance: Recent candles show breakout attempts above key resistance zones, validating bullish sentiment.
Key Support and Resistance Levels
Immediate Support: 144.50–145.00
1st Resistance / Target Zone: 146.400
2nd Resistance / Target Zone: 147.900
Final Resistance / Target Zone: 150.200
Current Trend:
USD/JPY has shown a strong bullish structure, characterized by higher highs and higher lows. This indicates increasing buying pressure and positive momentum.
Possible Bullish Patterns Observed:
Ascending Triangle: This is a bullish continuation pattern often indicating that buyers are gaining strength before a breakout.
Bullish Flag: A short-term consolidation that generally resolves in the direction of the previous trend (upward).
Breakout Above Resistance: Recent candles show breakout attempts above key resistance zones, validating bullish sentiment.
Key Support and Resistance Levels
Immediate Support: 144.50–145.00
1st Resistance / Target Zone: 146.400
2nd Resistance / Target Zone: 147.900
Final Resistance / Target Zone: 150.200
Trade active
Trade ActiveTrade closed: target reached
The amazing hitting my first Target Completed successfullyNote
Market reached at 148.00 my 2nd target completed successfully
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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.