USD/JPY Bullish Reversal and Support Retest Targeting 156.37
Market Structure:
Price formed a double bottom near 155.55–155.60, indicating strong demand and bullish reaction. 🔄
After the reversal, price is now consolidating above the 155.85 support zone, which previously acted as resistance.
This area is acting as a flip zone (resistance turned support) — a key bullish continuation signal.
Trend & Momentum:
Short-term structure shows higher low formation, confirming bullish recovery. 📈
The pullback toward 155.90 entry zone looks like a retest before continuation.
Momentum favors upside as long as price holds above the support base.
Key Levels 🎯
Buy Entry Zone:
155.85 – 155.90
Stop Loss:
155.70 (below support and structure invalidation) 🛑
Take Profit Targets:
TP1: 156.20 (intermediate resistance)
TP2: 156.37 (major resistance / target zone) 🚀
TP3: 156.60 (extended bullish continuation)
Alternative Scenario ⚠️
If price breaks below 155.70, bullish setup becomes invalid.
Next downside support would be around 155.40 – 155.50.
Summary 🧠
Bias: Bullish continuation after support retest
Confirmation: Hold above 155.85 support
Invalidation: Break below 155.70
Outlook: Potential move toward 156.37 target zone
Price formed a double bottom near 155.55–155.60, indicating strong demand and bullish reaction. 🔄
After the reversal, price is now consolidating above the 155.85 support zone, which previously acted as resistance.
This area is acting as a flip zone (resistance turned support) — a key bullish continuation signal.
Trend & Momentum:
Short-term structure shows higher low formation, confirming bullish recovery. 📈
The pullback toward 155.90 entry zone looks like a retest before continuation.
Momentum favors upside as long as price holds above the support base.
Key Levels 🎯
Buy Entry Zone:
155.85 – 155.90
Stop Loss:
155.70 (below support and structure invalidation) 🛑
Take Profit Targets:
TP1: 156.20 (intermediate resistance)
TP2: 156.37 (major resistance / target zone) 🚀
TP3: 156.60 (extended bullish continuation)
Alternative Scenario ⚠️
If price breaks below 155.70, bullish setup becomes invalid.
Next downside support would be around 155.40 – 155.50.
Summary 🧠
Bias: Bullish continuation after support retest
Confirmation: Hold above 155.85 support
Invalidation: Break below 155.70
Outlook: Potential move toward 156.37 target zone
Trade ist aktiv
Trade geschlossen: Ziel wurde erreicht
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.