USDJPY is retesting the breakout zone after reclaiming support from a prior swap area near 146.9. Price action has broken above a downward trendline and is forming a bullish retest structure. As long as USDJPY holds above 146.920 zone, the setup favors a continuation toward the resistance barrier. A breakout above the red descending trendline could accelerate upside momentum.📉 Key Levels
- Buy trigger: Break and hold above 147.500
- Buy zone: 146.900 – 147.000
- Target: 148.250
- Invalidation: Break below 146.000
💡 Risks
- Failure to break the descending red trendline may trigger renewed selling
- Consolidation below resistance could signal buyer exhaustion
- Break below 146.000 would invalidate bullish retest setup
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!
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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.
💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid
🌎WebSite: lingrid.org
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.