Overview
USDJPY is advancing within a rising structure following recovery from a prolonged decline.
Price is approaching the upper boundary of the current structural range.
Structure Position
The broader structure remains positioned within a rising trajectory.
As long as price continues to hold above the pivot zone, the current structure remains intact.
The current movement reflects continuation within the larger structural trend.
Market Context
Following the recovery phase, price has transitioned into a continuation environment.
Such phases typically involve progression toward resistance zones within the broader structure.
The immediate focus is whether price sustains above the pivot zone while interacting with resistance.
Key Zones & Levels
Major Resistance
177
Resistance Zone
163 – 170
Pivot Zone
148 – 152
Support Zone
125 – 112
Structure Weakens Below
102
Expected Behaviour
If price continues to hold above the pivot zone, the structure may extend toward the resistance zone.
Acceptance above the resistance zone would support continuation toward higher levels.
If price fails near resistance, consolidation within the current structure may develop.
Continuation Triggers
Structural continuation improves if price establishes acceptance above:
163 – 170
Invalidation / Risk Levels
Loss of pivot zone may weaken the current continuation phase.
Sustained movement below 102 would weaken the broader structure.
Conclusion
USDJPY is advancing within a rising structure and approaching resistance.
The behaviour around the resistance zone will define continuation or consolidation within the broader structure.
Disclaimer
This analysis is shared purely for educational purposes to understand market structure and price behaviour.
It does not constitute financial advice.
https://www.tradingview.com/chart/USDJPY/v2tgJa02-USDJPY-Advancing-Within-Rising-Structure/
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