USD/JPY 1H Chart Analysis – Bullish Breakout Setup 🚀
Trend Structure: Price formed a descending channel with consistent Higher Highs (HH) and Higher Lows (HL), indicating bullish pressure building inside a bearish channel.
Support Zone: Key demand zone between 146.778–147.200 held firm, acting as a bullish launchpad.
Breakout Strategy: Price broke above the descending channel and retested the support zone, confirming a bullish breakout.
EMA Strategy: Price is trading above the 70 EMA (147.174), signaling bullish momentum continuation.
Risk-to-Reward (R/R): With entry near 147.200, the target is 150.006 — a projected 281.8 pip move (1.91%), providing strong R/R.
Volume/Price Action: Sharp bullish candles and rejection wicks in the support zone confirm strong buyer interest.
📌 Conclusion: If support holds above 146.778, the pair is likely to surge toward the target zone at 150.006. Ideal setup for long positions on pullbacks.
#USDJPY #TechnicalAnalysis #BullishBreakout
Trend Structure: Price formed a descending channel with consistent Higher Highs (HH) and Higher Lows (HL), indicating bullish pressure building inside a bearish channel.
Support Zone: Key demand zone between 146.778–147.200 held firm, acting as a bullish launchpad.
Breakout Strategy: Price broke above the descending channel and retested the support zone, confirming a bullish breakout.
EMA Strategy: Price is trading above the 70 EMA (147.174), signaling bullish momentum continuation.
Risk-to-Reward (R/R): With entry near 147.200, the target is 150.006 — a projected 281.8 pip move (1.91%), providing strong R/R.
Volume/Price Action: Sharp bullish candles and rejection wicks in the support zone confirm strong buyer interest.
📌 Conclusion: If support holds above 146.778, the pair is likely to surge toward the target zone at 150.006. Ideal setup for long positions on pullbacks.
#USDJPY #TechnicalAnalysis #BullishBreakout
Trade closed: target reached
Note
amazing flying fighters hit our target enjoy your special profits with us and send feedback
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
Related publications
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.
join my tellegram channel
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
t.me/JaMesGoldFiGhteR786
join my refferal broker
one.exnesstrack.org/a/g565sj1uo7?source=app
Related publications
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.