The USDJPY has shown prominent strengthening on the 1-hour timeframe as the price successfully breached the resistance level of the bullish channel. This breakout indicates an acceleration in the upward momentum, creating a broader space for the buyers to push the price even higher. The price structure formed showcases an increasingly solid bullish dominance, signaling that the uptrend is gaining fresh energy. Under these conditions, USDJPY is poised to continue moving towards the next resistance zone with a more aggressive pace.
This strengthening signal is further supported by technical indicators that align in the same direction. The moving average (MA) trending upwards reflects an increase in buying pressure, while the zigzag pattern illustrates the formation of consistent higher highs and higher lows, confirming a healthy uptrend structure. The combination of these indicators emphasizes that buying pressure is more dominant than selling pressure, thus the opportunity for a continuation of the rally remains wide open. If this situation persists, USDJPY may aim for the nearest resistance shortly.
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On the 15-minute timeframe, USDJPY also displays a stable bullish tendency after moving neatly within an upward channel. The upward-moving MA confirms that buying momentum remains strong, while the CCI, which had previously entered the oversold area, signals that corrective pressure is beginning to fade and the chances of a rebound are increasing. With this technical support, USDJPY is likely to maintain its strength and retest a significant resistance at 157.960.
Technical Reference: buy as long as above 156.390
Potential Take Profit 1: 157.430
Potential Take Profit 2: 157.715
Potential Stop Loss 1: 156.625
Potential Stop Loss 2: 156.390
