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The picture shows the 4-hour chart of USD/JPY. The apparent analysis is based on supply and demand area + liquidity + price structure.
technical reading
1. Market structure
Price Action:
higher lower
E higher
This means buyers are starting to regain control.
2. Liquidity area
Pink rectangles usually represent:
order block
or agency service area
Price interacts significantly with it.
3. Positive Scenarios
As long as the price is higher than: �
Closest:
Continue to rise
Target 159.13
Then 159.80
4. Negative Scenarios
If there is a clear breakout and the 4-hour close is below:
156.93
This will typically invalidate the purchase scenario and return the price:
156.00
Then 155.30 A
The prices of the US dollar and the Japanese yen are about to explode. Will it start rising now? 🔥

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