USD/JPY - Bullish Channel, Next Targeting 148.95 (23.09.2025)

Sep 23

#USDJPY #Forex #Trading #TechnicalAnalysis

USD/JPY is trading within a Bullish Channel Pattern on the 30M chart, holding above the rising trendline support. The pair is bouncing from the support zone (147.50 – 147.70), signaling potential upside continuation.

🔹 Market Structure:

Bullish channel intact with higher highs & higher lows.

Price rejected the support zone and trendline.

Momentum suggests buyers could retest upper channel resistance.

🔹 Key Levels:

Support Zone: 147.50 – 147.70

1st Resistance: 148.58

2nd Resistance: 148.95

📈 Trading Idea:
As long as USD/JPY stays above the support zone, bulls may drive price higher toward 148.58 → 148.95.

⚠️ Invalidation:
A break below 147.50 would weaken the bullish outlook.

“Discipline + Patience = Consistency 🔑”

Sep 23

Trade active

Sep 23

Note

Fed Chair Powell at noon (1600 GMT) is set to give his first public remarks on the U.S. economy since the Fed cut rates last week. Fed Governor Bowman and Atlanta Fed President Raphael Bostic will also give public remarks.

Sep 24

Note

now with Good Profit

Sep 24

Trade closed: target reached

Sep 25

Note

Fundamental Updates : 📣📣
1. Fed Chair Powell is trying to carefully manage the economy to keep both employment and inflation at healthy levels.

2. "Yen drifts lower as traders assess candidates for Japanese prime minister" means the Japanese yen's value decreased as traders considered who might become the next leader of Japan.

Sep 25

Note

2nd Target Reached now