USD/JPY 1-hour chart technical analysis next move possible

1. Support Zone (Blue Area at the Bottom) – This marks a strong demand area where price has previously found buyers.


2. Bullish Projection (Black and Blue Arrows) – The chart indicates an expectation of price bouncing from the support zone and moving upwards.


3. Potential Reversal – The price is consolidating near the support, suggesting a possible bullish move if buyers step in.


4. Economic Events (Red Icons) – These could be upcoming news releases that might impact USD/JPY, possibly triggering volatility.



The chart suggests a potential buying opportunity if the price holds above the support. Are you planning to trade this setup?