The USDJPY pair on the 4H timeframe is forming a bullish structure, showing signs of continuation to the upside. The price is currently trading above key moving averages and consolidating near a resistance-turned-support zone, indicating potential bullish momentum.
Additionally, the formation resembles an inverse head and shoulders pattern, a strong bullish reversal signal. A successful break and retest of the 151.200 zone could confirm further upside movement, with the next key target around 156.700. However, failure to hold above the support zone may lead to a deeper retracement before resuming the uptrend.
Bitcoin is currently on clear bullish bias since bounce on our recent Last Minor Support at 78852 - 78237 range keylevle area 🚀
As of now as we can see on our chart we are forming panda fam a clear ascending channel its a clear bullish again i said, Addition on structure panda fam we are currently forming a bullish triangle at LTF structure the more breakout above and respect on middle support channel more bullish confluence same time on altcoins. 🐂
Two possible target for bitcoin potential next leg up will be the resistance of channel which is the pink link and Major Keylevel S/R at 92711 - 91775 range keylevel area, Keep on eye on it panda fam and Stay updated to our Major coin update especially BTC & ETH for more solid confluence to your altcoins trade. 👀👌
Don't forget to share this idea panda fam ! 👋
