As the US trading session approaches, USDJPY continues to demonstrate a robust bullish trend despite experiencing a correction on June 13, 2025. At that time, the price formed a lower low (LL) and lower high (LH), raising concerns about a possible reversal. However, this downward pressure was merely temporary as the price rebounded and successfully broke through previous resistance levels, indicating that bullish sentiment remains dominant.
The recovery that followed the correction also established a higher low (HL) and higher high (HH) structure, reinforcing the confirmation of the continued upward trend. So far, there has been no significant selling pressure that could disrupt this pattern. As long as the HL–HH structure remains intact and no substantial weakening signals appear, USDJPY is likely to continue its bullish trend in the short to medium term, especially if the US session supports strengthening momentum.
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In the 15-minute time frame, USDJPY displays a consistent upward pattern, where the ZigZag indicator continuously forms higher low (HL) and higher high (HH) points, creating a well-defined bullish channel. This structure reflects a stable upward trend, corroborated by the MACD indicator, which confirms bullish momentum with the MACD line situated above the signal line and operating in the positive zone. As long as this pattern persists without significant downward pressure, USDJPY is likely to continue its ascent toward testing the resistance level of 146.100.
Technical Reference: buy when above 144.840
Potential Take Profit 1: 145.860
Potential Take Profit 2: 146.100
Potential Stop Loss 1: 145.075
Potential Stop Loss 2: 144.840
