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
