Selena | USDJPY – 4H – Bullish Channel Continuation
FX:USDJPY
After a corrective pullback from the channel mid/high region, price dipped into a strong demand area aligned with channel support and the rising trendline. This zone absorbed selling pressure effectively, leading to a sharp bullish response. As long as price holds above the channel support, the broader bullish momentum remains intact.
Key Scenarios
✅ Bullish Case 🚀 →
Continuation toward the upper channel and previous highs.
🎯 Target 1: 158.80 – 159.50
🎯 Target 2: 160.80 – 162.00
❌ Bearish Case 📉 →
A clean breakdown below channel support would invalidate the bullish structure.
🎯 Downside Target: 149.50 – 147.00
Current Levels to Watch
Resistance 🔴: 159.50 / 160.80
Support 🟢: 152.00 – 150.80 (Demand + Channel Base)
⚠️ Disclaimer: This analysis is for educational purposes only. Not financial advice.