USDJPY 4H Analysis
Price has rallied back into a confluence zone:
• Descending trendline resistance
• Key supply zone around 145.40
This area has rejected price multiple times in the past. I’m watching closely for:
Bearish Setup:
• Rejection candle or wick above 145.40
• Entry on confirmation below zone
• Target 143.20–141.50
Bullish Breakout Scenario:
• Clean close above trendline + 145.50
• Retest of broken structure
• Target: 147.80+
RSI and momentum tools will help confirm the move.
Price has rallied back into a confluence zone:
• Descending trendline resistance
• Key supply zone around 145.40
This area has rejected price multiple times in the past. I’m watching closely for:
Bearish Setup:
• Rejection candle or wick above 145.40
• Entry on confirmation below zone
• Target 143.20–141.50
Bullish Breakout Scenario:
• Clean close above trendline + 145.50
• Retest of broken structure
• Target: 147.80+
RSI and momentum tools will help confirm the move.
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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.