SD/JPY continues its smooth upward momentum, showing strong bullish strength. The pair is now approaching the weekly high at 149.264, and if we get a decisive candle close above this level, a further rally toward 150.500 and above becomes highly probable.
On the downside, an equal low has formed at 145.935, which could act as a significant liquidity pool or potential reversal point if the trend shifts.
Key Technical Highlights:
Strong bullish momentum intact
Watching weekly high: 149.264
Break and close above may target: 150.500+
Equal low support: 145.935
Bullish structure supported by higher highs and consistent buying
📌 Bias: Bullish above 149.264
📉 Caution: If price rejects 149.26, watch for pullbacks to rejoin trend
#USDJPY #ForexAnalysis #PriceAction #BullishTrend #JPY #Dollar #TechnicalAnalysis
On the downside, an equal low has formed at 145.935, which could act as a significant liquidity pool or potential reversal point if the trend shifts.
Key Technical Highlights:
Strong bullish momentum intact
Watching weekly high: 149.264
Break and close above may target: 150.500+
Equal low support: 145.935
Bullish structure supported by higher highs and consistent buying
📌 Bias: Bullish above 149.264
📉 Caution: If price rejects 149.26, watch for pullbacks to rejoin trend
#USDJPY #ForexAnalysis #PriceAction #BullishTrend #JPY #Dollar #TechnicalAnalysis
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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.