USD/JPY Bullish Reversal Setup: Key Levels and Targets

The USD/JPY chart on the 4-hour timeframe indicates a potential bullish setup. Here's a breakdown of the analysis:

1. Support Zone & Trendline Confluence**
- Price is currently reacting to a strong demand zone** around 149.000–149.500, marked in green.
- There's also a visible ascending trendline acting as dynamic support, reinforcing the bullish outlook.

2. Change of Character (ChoCH) & Break of Structure (BOS)
- A series of **bearish BOS and ChoCH confirm the prior downtrend.
- However, the most recent ChoCH to the upside signals a potential shift in market direction.

3. Target Zone & Resistance Area
- The next resistance zone** is marked around 152.000, aligning with a supply area.
- This is also the short-term bullish target, as indicated on the chart.

4. Potential Trade Setup
- If the price holds above the demand zone and breaks the minor resistance at 150.000, bullish momentum could push it toward 152.000.
- A higher low formation** would further confirm bullish continuation.

5. Risk Factors
- A break below the **strong low (148.800–149.000) could invalidate the bullish setup and signal further downside.

Conclusion
USD/JPY is showing signs of a potential bullish reversal. If price respects the support and trendline, it could rally toward 152.000. However, a breakdown below 149.000 would invalidate the bullish bias.