After confirming 152.50 as strong support in mid-February, USDJPY started to push higher and entered a clear ascending channel.
But here’s where things get interesting.
The recent high printed on the 15th of last month stopped almost 100 pips below the key resistance at 157.70. That detail should not be ignored.
Why?
Because on the broader structure since the beginning of the year, this may actually be shaping into a lower high.
At the time of writing, price is trading around 156.00, sitting just above a confluence support area.
So the key question is simple:
👉 Is this just a healthy pullback inside the channel?
Or
👉 Are we about to see confirmation of a larger corrective move?
If price breaks and closes below this confluence support, that would increase the probability of continuation toward the 154.50 zone.
Until then, bulls still have structure — but they are running out of space.
But here’s where things get interesting.
The recent high printed on the 15th of last month stopped almost 100 pips below the key resistance at 157.70. That detail should not be ignored.
Why?
Because on the broader structure since the beginning of the year, this may actually be shaping into a lower high.
At the time of writing, price is trading around 156.00, sitting just above a confluence support area.
So the key question is simple:
👉 Is this just a healthy pullback inside the channel?
Or
👉 Are we about to see confirmation of a larger corrective move?
If price breaks and closes below this confluence support, that would increase the probability of continuation toward the 154.50 zone.
Until then, bulls still have structure — but they are running out of space.
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📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
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🎯 Want More Trading Ideas?
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
📈 Join the FREE Forex & Gold Channel
👉 t.me/intradaytradingsignals
💎 Join the FREE Crypto Channel
👉 t.me/FanCryptocurrency
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.