USDJPY is holding firmly above the highlighted support zone after breaking out of the triangle pattern. Buyers remain in control, increasing the probability of a continuation toward higher resistance levels.
The overall market structure remains bullish while price trades above support.
Key Levels:
* 🟢 Support: 162.10 – 162.20
* 🔴 1st Resistance: 162.80
* 🔴 2nd Resistance: 163.20
* 📈 Bias: Bullish above support.
Analysis:
As long as price holds above the marked support zone, buyers could push the market toward the first resistance. Continued bullish momentum may extend the move toward the second resistance. A confirmed breakdown below support would invalidate the bullish scenario.
⚠️ Educational purposes only. Always use proper risk management before entering any trade.
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📲 Join telegram channel free .
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
t.me/LucasRobert05
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.