USD/JPY Analysis - Bulls Ready to Charge!

5天前

Daily Context: The daily timeframe remains firmly bullish, respecting structure and showing strong upward momentum. My long-term target is set at 161.92, aligning with the broader trend.

4H Perspective: After a classic distribution phase, the market has shifted structure and is now accumulating at a key daily demand zone. This zone serves as a strong foundation for the next bullish move.

Trade Plan:

I’ll wait for a clear breakout of the accumulation zone.
My medium-term target is 156.74, where I’ll reassess market conditions.
If the markup phase aligns, I’ll ride the bullish wave to the next target.
💡 Patience is key—let the market come to you!