USDJPY USDJPY is riding a strong weekly uptrend, with bullish momentum showing on key indicators. However, recent price action hints at potential short-term exhaustion, making this a prime buy-the-dip setup. Here’s what I’m watching:
Key Levels to Monitor:
1. Support Zones: Watching 152.16 (4-hour HVN) and 151.6 on a deeper retracement. These levels align with historical demand areas, where buyers could step back in. 2. Technical Confirmation: Ideal buy signals include a 4-hour MACD shift from bearish to bullish or daily RSI holding near 50—indicating intact trend strength on pullback. 3. Target Zones: First target at 154 near the recent highs, with potential for extended gains if price regains momentum above upper Bollinger levels.
Precision entries like these are key for high-probability plays. Follow for more strategic levels and signals!
USDJPY I believe this can go down to 151.900 before going up. The only reason this would reverse now is because we’re close to the New York session and that’s it