From TradingView · · 40s
USDJPY Pullback Signals Buying Opportunity
USDJPY pullback creates buying chance for traders.
In brief
USDJPY pullback creates buying chance for traders. USDJPY pullback near 156.7-157.2 supports bullish trend for traders. Originally reported by TradingView.
USDJPY Pullback
USDJPY is pulling back toward 156.7, 157.2 area where horizontal support meets ascending channel boundary.
Support Zone Holds
Previous moves into lower structure attracted buyers if this area holds it may be trend reset not reversal.
Next Test Levels
Rebound from current area targets 159.0 then 160.3, 160.8 resistance zones for bullish structure.
Bullish Structure
Ascending channel remains intact as key indicator for continued USDJPY bullish trend.
The key point
USDJPY pullback near 156.7-157.2 supports bullish trend for traders.
