The USDJPY pair continues to exhibit strong upward momentum despite facing corrective pressure on June 13, 2025. During this time, the price formed a pattern of lower low (LL) and lower high (LH), which raised concerns about a potential reversal. However, this correction proved to be temporary, as prices quickly rebounded and crossed significant levels that had been established earlier.
Following this price recovery, there was a formation of a higher low (HL) and higher high (HH) structure, confirming the continuation of the bullish trend. Up until now, there has been no significant correction that could halt the strengthening of this currency pair. As long as the HL-HH structure remains intact and there is no considerable selling pressure disrupting the main trend, USDJPY stands a good chance to further its upward movement in the short to medium term.
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On the 15-minute time frame, USDJPY demonstrates a consistent upward pattern, where the ZigZag indicator continues to identify points of higher low (HL) and higher high (HH), establishing a well-defined bullish channel. This structure reflects a stable upward trend, reinforced by the MACD indicator, which confirms the bullish momentum with the MACD line positioned above the signal line, moving within the positive area. As long as this pattern holds and there is no significant pullback, USDJPY has the potential to continue its rise, aiming to test the resistance at 145.690.
Technical Reference: buy above 144.765
Potential Take Profit 1: 145.510
Potential Take Profit 2: 145.690
Potential Stop Loss 1: 144.925
Potential Stop Loss 2: 144.765
