FX.co ★ Ambar Hassan | USD/JPY
USD/JPY
I look at the medium-term H1 chart of USD/JPY, and I clearly see the strength of buyers asserting itself in the market. I recognize that this bullish scenario became particularly relevant after sellers failed to break the critical buyer zone at 151.66. I observe that although consolidation occurred below this range for a period, I interpret that movement as nothing more than a hothouse trap deliberately set for sellers. I understand that such traps are designed to lure bearish traders into false confidence before the market reverses against them. I firmly believe that this false breakdown has now exhausted the selling pressure and has given buyers the perfect foundation to rebuild their offensive. I consider this price action to be a textbook example of buyer resilience in the face of attempted bearish control.I see the current price hovering near 152.44, and I am intently focused on the next critical barrier ahead. I am convinced that for this bullish rally to continue and gain genuine momentum, I need to witness a clean breakout of the short-seller zone situated at 154.20. I view this level as the final stronghold for bearish traders, and I anticipate that its breach will trigger a cascade of stop-loss hunting and fresh buying interest. I believe that only after this breakout is confirmed will the path open toward the next unexploited extreme at 152.62. I envision this level as a mere stepping stone rather than a final destination. I am confident that once 152.62 is cleared, we will head even higher as institutional buyers step in with greater aggression. I feel that the market is coiling like a spring, and I am positioning myself to capture the eventual release of this pent-up energy
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade