USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade 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.
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.
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 – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade remains poised for further gains as bullish momentum strengthens across timeframes.
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USDJPY – Guide, Tips & Insights | Learn 2 Trade – Guide, Tips & Insights | Learn 2 Trade Short-Term Trend: Bullish
