USDJPY Pullback Into Channel Support – Continuation Next?

Mar 9

USDJPY continues to trade inside a well-defined rising channel, maintaining a clear bullish structure. After a strong push toward the upper boundary, the market has started to pull back toward the channel support. Moves like this are common within trending markets, where price retraces before attempting the next continuation move.

The key level to watch is the channel support area. If buyers step in and the structure holds, the market could attempt another move toward the upper boundary where liquidity is likely resting.

For now, the focus remains on how price reacts around this support zone.

Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Trading involves risk.

Mar 10

Trade closed: stop reached