USD/JPY H1 – Breakout or Rejection from 144.400?

📉 USD/JPY Intraday Chart Analysis (H1)

🔹 Current Price: 143.300
🔸 Structure Type: Range-bound with bullish recovery from demand zone

🟦 Support Zone: 142.300 –

This zone has shown multiple rejections, confirming strong buyer interest.
Marked as "Support Area 142.300" with bullish CHoCH (Change of Character) patterns.

🟥 Resistance Zone: 144.400

Previous price rejections and consolidation near this area.

Currently acting as a key supply zone.

A break and retest of this zone will be needed for bullish continuation.

🎯 Target Area: ~146.500

Marked as the long-term bullish target based on the chart.

Projected from the breakout zone above 144.400.

Ideal for swing trades if price sustains above resistance.

🔁 Possible Price Scenarios

1. Bullish Continuation

If price breaks 144.40 cleanly and retests it:

> 🔼 Potential move toward 146.00 – 146.50

2. Range Reaction

If price gets rejected again at 144.40:

> 🔽 Expect retracement toward 143.00 / 142.30

3. Bearish Breakdown

If price drops and closes below 142.30 zone:

> ⚠️ Potential trend shift — next supports around 141.60 – 141.20

📌 Summary:

Currently in a bullish pullback phase.

Watch for clean breakout above 144.400 to confirm further upside.

Key invalidation level: below 142.30 (support breach = bearish risk)