USDJPY has been locked inside a broad consolidation zone for several weeks on the 4H timeframe, ranging between key support near 143.00 and resistance around 148.00.
This structure highlights a high-volume range, with multiple rejections from both extremes. The recent price action shows bullish pressure building, and price is now approaching the upper boundary of the consolidation.
We’re now watching for a clean breakout above 148.50, which could trigger a major upside move.
Trade Plan:
• Breakout Entry: Above 148.50 with strong candle close
• Target: 154.500 – based on prior imbalance and extended range projection
• Stop-Loss: Below the breakout candle or back inside the range
• Invalidation: If price fails to hold above 148.50 and falls back inside the zone
Key Notes:
Structure: Clear range-bound market with high probability breakout setup
Confirmation is key – no early entry without breakout strength
Patience required as price builds toward expansion
📌 Well-planned structure. High reward-to-risk setup if confirmed.
Like, comment, share & follow for more professional trade ideas.
This structure highlights a high-volume range, with multiple rejections from both extremes. The recent price action shows bullish pressure building, and price is now approaching the upper boundary of the consolidation.
We’re now watching for a clean breakout above 148.50, which could trigger a major upside move.
Trade Plan:
• Breakout Entry: Above 148.50 with strong candle close
• Target: 154.500 – based on prior imbalance and extended range projection
• Stop-Loss: Below the breakout candle or back inside the range
• Invalidation: If price fails to hold above 148.50 and falls back inside the zone
Key Notes:
Structure: Clear range-bound market with high probability breakout setup
Confirmation is key – no early entry without breakout strength
Patience required as price builds toward expansion
📌 Well-planned structure. High reward-to-risk setup if confirmed.
Like, comment, share & follow for more professional trade ideas.
Trade active
USDJPY – Trade UpdateHigh consolidation breakout successful.
Trade is active – keep holding toward target point 154.500.
Manage risk and stay patient as price moves toward the target.
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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.
Related publications
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.