USDJPY Bullish Recovery After Liquidity Sweep with Upside Target
This **USDJPY (1H timeframe)** chart illustrates a complete market cycle — from a bearish trend into consolidation, followed by a recovery phase signaling potential bullish continuation.
Initially, price was moving inside a **clear descending channel**, forming lower highs and lower lows, confirming a strong **downtrend**. Sellers maintained control until price reached a key demand zone near the **158.000 level**, where downside momentum started weakening.
After this, the market transitioned into an **accumulation phase**, followed by a breakout into a short-term **ascending channel (uptrend structure)**. During this phase, price respected higher lows and gradually pushed upward, supported by the Ichimoku cloud acting as dynamic support.
However, a sudden **sharp bearish impulse** occurred, breaking structure and sweeping liquidity below recent lows — a classic **liquidity grab** designed to trap buyers. This move tapped directly into a strong **demand zone (orange area)**, where buyers stepped in aggressively.
Currently, price is showing a **bullish recovery**, forming higher lows again and attempting to reclaim structure above the Ichimoku cloud. This indicates that the recent drop may be a fake breakdown rather than a continuation of the downtrend.
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### **Target:**
* **Primary Target:** 159.538
* **Extended Target Zone:** 159.600
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### **Trade Idea (Buy Setup):**
* **Entry Zone:** Around 158.90 – 158.95 (current price region)
* **Target:** 159.538 → 159.600
Initially, price was moving inside a **clear descending channel**, forming lower highs and lower lows, confirming a strong **downtrend**. Sellers maintained control until price reached a key demand zone near the **158.000 level**, where downside momentum started weakening.
After this, the market transitioned into an **accumulation phase**, followed by a breakout into a short-term **ascending channel (uptrend structure)**. During this phase, price respected higher lows and gradually pushed upward, supported by the Ichimoku cloud acting as dynamic support.
However, a sudden **sharp bearish impulse** occurred, breaking structure and sweeping liquidity below recent lows — a classic **liquidity grab** designed to trap buyers. This move tapped directly into a strong **demand zone (orange area)**, where buyers stepped in aggressively.
Currently, price is showing a **bullish recovery**, forming higher lows again and attempting to reclaim structure above the Ichimoku cloud. This indicates that the recent drop may be a fake breakdown rather than a continuation of the downtrend.
---
### **Target:**
* **Primary Target:** 159.538
* **Extended Target Zone:** 159.600
---
### **Trade Idea (Buy Setup):**
* **Entry Zone:** Around 158.90 – 158.95 (current price region)
* **Target:** 159.538 → 159.600
Trade active
active Trade closed: target reached
my given target has been successfully achieved 
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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.