The chart shows USDJPY moving inside a short-term horizontal range between 156.470 (upper boundary) and 156.082 (lower boundary).
Price is creating repeated swing highs and swing lows within this zone, indicating temporary consolidation.
The idea is to observe the structure and wait for price to move above the upper boundary to confirm a shift in momentum.
If price holds above this zone, it may indicate continuation toward higher levels.
This layout is for market structure observation only and does not contain trading instructions. It highlights key levels and potential directional behavior based on the current chart pattern.
Price is creating repeated swing highs and swing lows within this zone, indicating temporary consolidation.
The idea is to observe the structure and wait for price to move above the upper boundary to confirm a shift in momentum.
If price holds above this zone, it may indicate continuation toward higher levels.
This layout is for market structure observation only and does not contain trading instructions. It highlights key levels and potential directional behavior based on the current chart pattern.
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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.