USD/JPY is trading inside a clear ascending channel, showing that the overall trend is still bullish. Price has respected the trendline support multiple times and is now moving higher from the lower-mid area of the channel.
The grey zones represent strong supply and demand areas. Previously, price was rejected from the upper grey zone, but now it has broken above a key resistance zone around 157.90–158.00. This breakout shows bullish strength and confirms buyers are in control.
The green area shows the potential bullish target zone. If price holds above the broken resistance, we can expect a continuation move toward: 159.000 to 160.058
If you find it please like and comments for this post and share thanks.
The grey zones represent strong supply and demand areas. Previously, price was rejected from the upper grey zone, but now it has broken above a key resistance zone around 157.90–158.00. This breakout shows bullish strength and confirms buyers are in control.
The green area shows the potential bullish target zone. If price holds above the broken resistance, we can expect a continuation move toward: 159.000 to 160.058
If you find it please like and comments for this post and share thanks.
Trade active
Trade closed: target reached
1st Target reached
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✅FREE FOREX Signals in Telegram
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/addlist/5h3Y2WG2eyVkOTY0
t.me/+KACKRUbWuQoyMmZk
✅ Suggest News Channel
t.me/addlist/5h3Y2WG2eyVkOTY0
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.