USDJPY(
USDJPY) has started to climb from its Support lines and Support zone(155.100 JPY-154.120 JPY), showing good momentum in its upward movement.
From a classical technical analysis perspective, it seems that USDJPY has successfully broken the upper lines of the falling wedge pattern on the 1-hour timeframe, which is a positive sign for the continuation of the bullish trend.
From an Elliott Wave perspective, it appears that USDJPY has completed main wave 4 using a Double Three Correction(WXY) within the Support zone(155.100 JPY-154.120 JPY).
Looking ahead, I expect USDJPY to resume its upward movement following a pullback to its Fibonacci levels, potentially rising at least to the 155.94 JPY.
First Target: 155.94 JPY.
Second Target: 156.27 JPY.
Stop Loss(SL): 154.82 JPY.
Please respect each other's ideas and express them politely if you agree or disagree.
📌 U.S. Dollar/Japanese Yen Analyze (USDJPY), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
USDJPY) has started to climb from its Support lines and Support zone(155.100 JPY-154.120 JPY), showing good momentum in its upward movement.From a classical technical analysis perspective, it seems that USDJPY has successfully broken the upper lines of the falling wedge pattern on the 1-hour timeframe, which is a positive sign for the continuation of the bullish trend.
From an Elliott Wave perspective, it appears that USDJPY has completed main wave 4 using a Double Three Correction(WXY) within the Support zone(155.100 JPY-154.120 JPY).
Looking ahead, I expect USDJPY to resume its upward movement following a pullback to its Fibonacci levels, potentially rising at least to the 155.94 JPY.
First Target: 155.94 JPY.
Second Target: 156.27 JPY.
Stop Loss(SL): 154.82 JPY.
Please respect each other's ideas and express them politely if you agree or disagree.
📌 U.S. Dollar/Japanese Yen Analyze (USDJPY), 1-hour time frame.
🛑 Always set a Stop Loss(SL) for every position you open.
✅ This is just my idea; I’d love to see your thoughts too!
🔥 If you find it helpful, please BOOST this post and share it with your friends.
Transaction en cours
Trade was activated in 155.45 JPYNote
As long as USDJPY does not break the support line, you can stay long and use the trailing stop method.
Trade fermée: cible de profit atteinte
First Target Done(trailing stop)
Note
Full Target Done
USDJPY soared, actually exceeding the targets.
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🎁 Free VIP Forex and Crypto Signals, please visit:
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
🚀 Up to 75% Trading Fee Rebates Across 20+ Exchanges:
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
🤖 t.me/Protrader365bot
-----
🎁 Free VIP Forex and Crypto Signals, please visit:
🔗 t.me/ProTrader_365
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.