USD/JPY Analysis (30-Minute Timeframe)
We are currently breaking out of a black trendline, which could signal bullish momentum. My target focuses on the market open, as I anticipate a bullish move, but I will wait for confirmation after the open.
Key levels to watch:
First Pink Zone (Target 1): If the price reaches this level, it will form a new higher high, confirming the bullish trend.
Second Pink Zone (Target 2): If the momentum continues beyond the first pink zone, this will be the next target, indicating sustained bullish strength.
This is a critical setup to monitor, with confirmation needed to ensure the breakout holds.
Key levels to watch:
First Pink Zone (Target 1): If the price reaches this level, it will form a new higher high, confirming the bullish trend.
Second Pink Zone (Target 2): If the momentum continues beyond the first pink zone, this will be the next target, indicating sustained bullish strength.
This is a critical setup to monitor, with confirmation needed to ensure the breakout holds.
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