USDJPY Poised for Breakout: Key Levels to Watch at 144.5 & 141.5

16 Apr

ROSY REPORT

Chart Pattern: Symmetrical Triangle

Upper trendline: Formed by descending highs.

Lower trendline: Formed by ascending lows.

Convergence point: Price is nearing the apex of the triangle, suggesting an imminent breakout.


Key Levels & Scenarios

Current price: 142.667

Resistance Target (if breakout occurs): 144.500

Bullish scenario: If price breaks above the upper trendline, it may rally towards the 144.500 resistance area.


Support Target (if breakdown occurs): 141.500

Bearish scenario: If price breaks below the lower trendline, a drop towards 141.500 is expected.



Additional Observations

Volume: Typically, volume contracts within a triangle and expands on breakout—watch for volume confirmation.

Timing: Breakout is expected around April 17, judging by the chart's projection and triangle apex.

News Events: Several event icons suggest upcoming news that may act as a catalyst.


Strategy Tip

Wait for confirmation (candle close outside the triangle) before entering a trade.

Use proper risk management: place stop-loss just below the breakout candle for longs or above for shorts.

16 Apr

Dagangan aktif

Position triggered—short bias confirmed with trend continuation.