Lingrid | USDJPY Potential long TRADE from SUPPORT level

The daily chart is displaying a strong uptrend, with the USDJPY having recently broken and closed above a previously tested level. This significant breach was marked by a large bullish candle, indicating that the level has gained importance. The price action had earlier formed a triangle pattern, which was eventually broken through. On the daily chart, the market is now approaching a strong resistance zone where we witnessed a massive sell-off. I'm anticipating a retest of the support level and confirmation of buying momentum before making any further moves. My target is resistance zone at 158.450


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