USDJPY - Correction or Reload Before the Next Push?

📈USDJPY remains structurally bullish on the higher time frame. The market respected the rising blue trendline, broke above the previous support zone, and shifted that zone into new demand.

🏹After the impulsive move higher, price is now going through a controlled correction, drifting back toward a key area of confluence:
the rising trendline + former support zone.

❗️This is exactly where trend traders pay attention. As long as price holds above this intersection, the plan is simple: look for trend-following long setups, aiming for continuation in the direction of the dominant trend.

A clean bullish reaction here keeps the structure intact. Only a decisive break below would put this bullish scenario into question.

Is this just a pause… or the fuel for the next leg higher? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr