🟢 USDJPY | Breakout Opportunity Above Resistance
Timeframe: 1H
Bias: Bullish
Type: Break and Retest
📊 Technical Setup
USDJPY is currently consolidating at a key 4H resistance zone (147.75–147.90). A clean breakout and retest of this area will confirm bullish continuation.
• Entry: Above 147.90 (after confirmed candle close + retest)
• SL: Below 147.30
• TP: 148.90 / 149.60
• RR: ~1:2.5
• Indicators: RSI showing strong upside momentum, holding above 50
🧠 Fundamentals + Macro Confluence
• USD Strength: Strong macro & delayed rate cuts support USD upside
• JPY Weakness: BOJ remains dovish; risk-on sentiment weighing on JPY
• COT + Conditional Score: USD score increased to 17, JPY dropped to 8
• Risk Sentiment: VIX at 14.2 = RISK ON → bearish JPY bias
🧭 Gameplan
“Wait for confirmation above resistance before entering”
🔔 Set alerts around 147.90 and monitor lower timeframes for retest and bullish candle structure.
Timeframe: 1H
Bias: Bullish
Type: Break and Retest
📊 Technical Setup
USDJPY is currently consolidating at a key 4H resistance zone (147.75–147.90). A clean breakout and retest of this area will confirm bullish continuation.
• Entry: Above 147.90 (after confirmed candle close + retest)
• SL: Below 147.30
• TP: 148.90 / 149.60
• RR: ~1:2.5
• Indicators: RSI showing strong upside momentum, holding above 50
🧠 Fundamentals + Macro Confluence
• USD Strength: Strong macro & delayed rate cuts support USD upside
• JPY Weakness: BOJ remains dovish; risk-on sentiment weighing on JPY
• COT + Conditional Score: USD score increased to 17, JPY dropped to 8
• Risk Sentiment: VIX at 14.2 = RISK ON → bearish JPY bias
🧭 Gameplan
“Wait for confirmation above resistance before entering”
🔔 Set alerts around 147.90 and monitor lower timeframes for retest and bullish candle structure.
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.
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.