Usdjpy analysis

12 במרץ

This chart represents a technical analysis of USD/JPY on the 1-hour timeframe from TradingView, outlining potential price movements based on key support and resistance levels.

Support Level: Marked around 147.175, this level is expected to act as a strong demand zone where buyers might step in if the price retraces.

Current Price: USD/JPY is trading around 148.262, showing signs of bullish momentum.

Potential Price Movement: The chart suggests a possible pullback toward the support level before resuming an uptrend.

First Target: Positioned at approximately 149.678, this is the next key resistance level where price action might encounter selling pressure.

Second Target: Identified near 151.002, indicating further bullish continuation if the first target is broken.


Outlook:

The analysis suggests a bullish bias, but a retracement to support may occur before a potential breakout. Traders may look for confirmation signals before entering positions. The volume profile on the right shows strong activity around these levels, reinforcing the importance of these key zones.

13 במרץ

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