USDJPY ANALYSIS IS READY TO FLY MUST READ THE CAPTION

The chart for USD/JPY shows the following:

1. Timeframe: 1-hour chart.


2. Key Levels:

Target Zone: Around 159.100, indicating a potential bullish target.

Current Price: Approximately 157.933 (Sell) and 157.946 (Buy).

Stop Loss: Positioned near 157.226 to manage downside risk.



3. Technical Analysis:

Pattern: A potential rounding top or consolidation phase before a breakout.

Scenarios: Two possible bullish outcomes are shown with arrows:

A breakout above the resistance zone, aiming for the target zone (159.100).

A retracement followed by a bullish move.


Key Support Levels: 157.692 and below, which could act as critical zones to watch.



4. Moving Average: A moving average (possibly the 200 EMA) provides additional support near the stop-loss level.


5. Trading Idea: Buy opportunities are highlighted with strict risk management via the stop-loss placement.



The chart suggests bullish momentum but emphasizes careful monitoring of price action near key levels.