USDJPY CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE

This chart represents a technical analysis of USD/JPY (U.S. Dollar to Japanese Yen) on the 1-hour timeframe.

Key Insights:

1. Support Zone (Blue Area):

The price has reached a key support zone around 151.00 - 151.80.

Buyers may step in, leading to a potential bullish reversal.



2. Bullish Projection:

The black arrow indicates an expected price bounce from the support zone, targeting 152.50 - 153.00.

A possible higher low formation suggests a trend shift.



3. Previous Price Action:

The market formed a double-wave correction after a strong bullish move.

A break above 152.00 could confirm bullish momentum.




Trading Implication:

If support holds: Look for buy opportunities with targets at 152.50 - 153.00.

If support breaks: The price could decline further toward 151.00 or lower.


Would you like me to create a short caption for your channel?