On the Daily structure, USDJPY remains bullish — and the current upward leg began from a key pivot, where price reacted to a QML level and broke its 1H descending trendline, giving strength to buyers and initiating this expansion.
Currently on the 4H, price is sitting inside the first supply zone: 156.900 – 157.200, which has already been tapped once. Buyer strength here is slightly weaker than the previous touch — but the bullish structure is still intact.
For that reason, my primary expectation remains continuation upward toward the second supply zone: 157.333 – 157.577.
That zone is where I will reassess – since that's where a true confrontation between buyers and sellers is more likely to determine whether a larger correction becomes meaningful.
On the 1H timeframe, price is already inside supply. Aggressive (reactive) traders might look for a CHOCH (Change of Character) inside the zone as a trigger to anticipate early correction — but for me, at this moment, I remain on the side of continuation until price reaches the second zone.
Right now, the most valuable action is simply watching how price behaves at the next zone, rather than predicting too early.
Updates will follow once price reaches that area — and that’s the moment where the real market decision will unfold.
`Pouryabdi
Currently on the 4H, price is sitting inside the first supply zone: 156.900 – 157.200, which has already been tapped once. Buyer strength here is slightly weaker than the previous touch — but the bullish structure is still intact.
For that reason, my primary expectation remains continuation upward toward the second supply zone: 157.333 – 157.577.
That zone is where I will reassess – since that's where a true confrontation between buyers and sellers is more likely to determine whether a larger correction becomes meaningful.
On the 1H timeframe, price is already inside supply. Aggressive (reactive) traders might look for a CHOCH (Change of Character) inside the zone as a trigger to anticipate early correction — but for me, at this moment, I remain on the side of continuation until price reaches the second zone.
Right now, the most valuable action is simply watching how price behaves at the next zone, rather than predicting too early.
Updates will follow once price reaches that area — and that’s the moment where the real market decision will unfold.
`Pouryabdi
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.