USDJPY CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE
This chart represents a technical analysis of USD/JPY (U.S. Dollar to Japanese Yen) on the 1-hour timeframe.
Key Insights:
1. Support Zone (Blue Area):
The price has reached a key support zone around 151.00 - 151.80.
Buyers may step in, leading to a potential bullish reversal.
2. Bullish Projection:
The black arrow indicates an expected price bounce from the support zone, targeting 152.50 - 153.00.
A possible higher low formation suggests a trend shift.
3. Previous Price Action:
The market formed a double-wave correction after a strong bullish move.
A break above 152.00 could confirm bullish momentum.
Trading Implication:
If support holds: Look for buy opportunities with targets at 152.50 - 153.00.
If support breaks: The price could decline further toward 151.00 or lower.
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Key Insights:
1. Support Zone (Blue Area):
The price has reached a key support zone around 151.00 - 151.80.
Buyers may step in, leading to a potential bullish reversal.
2. Bullish Projection:
The black arrow indicates an expected price bounce from the support zone, targeting 152.50 - 153.00.
A possible higher low formation suggests a trend shift.
3. Previous Price Action:
The market formed a double-wave correction after a strong bullish move.
A break above 152.00 could confirm bullish momentum.
Trading Implication:
If support holds: Look for buy opportunities with targets at 152.50 - 153.00.
If support breaks: The price could decline further toward 151.00 or lower.
Would you like me to create a short caption for your channel?
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.