USDJPY Takes Off from Bullish Order Block

Market Analysis – December 11

USDJPY encountered strong resistance at 156.0540, prompting a bearish structural shift. This sent the price downward. However, the decline paused at a bullish order block near 150.0000, where buyers regained control, leading to a sharp recovery.

USDJPY Key Levels

• Demand Levels: 140.250, 137.420, 130.630
• Supply Levels: 156.050, 160.260, 163.350

USDJPY Long-Term Trend: Bullish

From September to November, the Moving Average (MA) period 9 remained firmly below the daily candles, supporting the bullish momentum. After the price reached 156.0540, the daily candles closed beneath the MA, signaling a temporary bearish shift.

At the 150.00 bullish order block, the Stochastic indicator revealed oversold conditions. This sparked a swing low, and the price quickly rebounded. The Moving Average has now resumed its position below the daily candles, confirming a return to bullish momentum.

USDJPY Short-Term Trend: Bullish

A clear change of character (ChoCh) emerged at the 150.0000 order block before the bullish reversal. An uptrend has formed on the 4-hour chart, offering strong confirmation of the short-term bullish outlook.

Traders may look for entries aligned with the 4-hour market structure. This approach offers a higher risk-to-reward ratio for forex signals targeting the prior resistance at 156.0540 as a key upside level. USDJPY remains poised for further gains as bullish momentum strengthens across timeframes.