USD/JPY — Bullish Technical Outlook
Chronological coverage
First seen14 Sept, 17:51USD/JPY — Bullish Technical Outlook
USD/JPY remains within a right-angled and ascending broadening formation, maintaining a broader upward structural bias. Within this larger formation, price has developed a descending channel, representing the current corrective structure. Price has recently declined toward the 153.045 support level, which also sits close to the lower boundary of the broader ascending structure. This area is therefore a critical technical support zone for the bullish setup. As long as 153.045 holds and continues to attract buying interest, the current decline can be interpreted as a corrective move rather than a breakdown of the broader bullish structure. A sustained rebound from this support would open the way for a pullback toward the upper boundary of the descending channel. The key upside objective is located around 157.568, where two important technical references converge: the descending-channel resistance and the 0.618 Fibonacci retracement level. This confluence makes 157.568 a significant resistance and initial bullish target. Bullish Structure Key support: 153.045 Initial bullish target: 157.568 Primary resistance: Descending-channel resistance / 0.618 Fibonacci retracement Overall, the bullish scenario remains technically constructive while 153.045 holds as support, with the next major upside objective at 157.568. A decisive move toward this resistance would represent a significant recovery within the broader ascending formation. If you want to learn the step-by-step setup behind this chart, check out my Short video. I’ll walk you through the entire setup and show you exactly how this analysis was built.
TITradingView Ideas- TIFollow-up15 Sept, 06:54
EUR/AUD Bullish Outlook
Hi Traders. We saw that the pair reached a support zone, and a head and shoulders pattern is currently forming there, what is a good sign for more bullish potential. Wait for the right shoulder to complete to confirm this setup.
TITradingView Ideas 
Latest15 Sept, 09:58USD/JPY: Bullish Outlook Explained
The 📈USDJPY pair has completed an intraday consolidation within a horizontal parallel channel. The resistance level was violated yesterday, and we are currently observing a positive bullish reaction following the retest. It is highly probable that the price will grow toward the 155.67 level soon.
TITradingView Ideas