USD/JPY pair analysis update chart forecast.

This chart of *USD/JPY* on the 1-hour timeframe shows a more advanced price action and smart money concept analysis. Here's a breakdown of the *tools and patterns* used:

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### *Tools Used:*

1. *Trend Lines:*
- Two trend lines (upper and lower) form a *Triangle* pattern.
- These trend lines help identify compression or consolidation leading to potential breakout or breakdown points.

2. *Resistance and Supply Zones (Blue Boxes):*
- Key *supply zones* are highlighted where price is expected to find resistance .
- These areas act as potential reversal zones.

3. *Break of Structure (BOS) and Change of Character (CHoCH):*
- Labels indicating important market structure shifts.
- BOS marks confirmation of a trend shift.
- CHoCH suggests a possible early reversal signal.


6. *Swing Points and Key Highs/Lows:*
- Marked with large blue circles to indicate significant pivot areas.
- Often used for Fibonacci analysis or symmetry projection.

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### *Patterns and Concepts Used:*

1. *Triangle:*
- The use of trend lines indicates a *Triangle*, often a continuation or reversal pattern depending on breakout direction.

2. *Liquidity Grabs:*
- Price appears to have swept above previous highs before sharply reversing, implying a *liquidity grab* before moving lower.

3. *Market Structure Concepts (Smart Money):*
- CHoCH and BOS show institutional-style price action, where manipulation or accumulation/distribution plays a role.

4. *Double Top Formation:*
- The pattern near the recent high resembles a *double top*, signaling potential bearish reversal from resistance.

5. *Fibonacci or Symmetry-Based Moves:*
- The measured vertical drop suggests *symmetrical retracement* expectations.

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