USDJPY / UNDER BULLISH PRESSUE / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
after breakout from a channel, leading to a price increase of 1.82%. The breakout signals potential for further upward movement.
The price is expected to retest a Fair Value Gap (FVG), which is a technical term in trading that represents an area on the chart where price moved quickly, leaving little to no volume. The specified FVG zone is between 145.303 and 144.367. A retest of this area could indicate the market finding support here.
If the price remains above this FVG area and stabilizes, there is an expectation of further increases, potentially reaching the supply zone between 147.602 and 149.360. This suggests that the supply zone is where there could be selling pressure.
A break above the supply zone would indicate even more upside potential for prices.
On the downside, if the price closes a 4-hour candle below the FVG area, the expectation is for prices to decline. This could lead the price to a demand zone between 142.672 and 141.736, suggesting buying interest might come in at this level.
Supply Zone : 147.602 and 149.360.
Demand Zone : 142.672 and 141.736.
FVG : 145.303 and 144.367.
