USDJPY 4-hour chart Pattern..

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USDJPY 4-hour chart with Ichimoku Cloud

🔍 Observations:

Current price: around 151.02.

The price recently pulled back into the Ichimoku Cloud (Kumo), suggesting potential support.

A bullish bounce from the cloud is forming.

I marked an arrow pointing upward toward a target region around 153.00–153.50.

A support zone (red rectangle) is visible near 150.80–151.00.


🎯 Target Analysis:

If the bullish structure continues (price stays above the cloud and holds 150.80 support):

Short-term target: 152.30 (previous local high / minor resistance)

Main target: 153.00 – 153.50 (major resistance / top of previous swing)

Aggressive extension: 154.00 if momentum remains strong and USD strength continues.


🛑 Stop Loss Suggestion:

Below the red zone or bottom of the cloud → around 150.50 (gives structure-based protection).


⚖ Trade Plan Summary:

Type Entry Stop Target 1 Target 2 Risk:Reward

Long 151.00–151.20 150.50 152.30 153.30 ~1:2.5

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