USDJPY, Several TRIANGLE-Formations, Point to a Final BREAKOUT!

Hello There!

Welcome to my newest analysis of USDJPY from several timeframe perspectives.

From the weekly timeframe perspective, USDJPY is continuing to form new higher highs since the bounce lows were seen at 128.5 in January 2023 the uptrend is aiming for the next stages and already formed several uptrend lines. The several uptrend lines that USDJPY already established are pointing to the trend acceleration above these lines. Now, from the weekly timeframe perspective, USDJPY is approaching the upper resistance zones and once a breakout above these zones emerges a continuation above the areas will be almost inevitable.

From the daily timeframe perspective, USDJPY already completed the ascending triangle formation and activated the target zones of 153.1 within the whole structure, especially as USDJPY completed the main dynamic of the ascending triangle formation on the daily timeframe perspective these targets are going to be reached with the trend acceleration ongoing. Recently USDJPY already completed the confirmational setup with the bull flag formation above the upper boundary of the daily ascending triangle formation that is marking the origin of the trend acceleration and the major wave C to continue moving forward into the upper target zones.

From the 4-hour timeframe perspective, USDJPY is now continuing with a similar ascending triangle formation as it already formed within the daily timeframe perspective. A completion of this ascending triangle formation is going to confirm a stronger target projection which will be a dobule confirmation together with the formation on the daily timeframe perspective. The targets of the ascending triangle formation on the 4-houe timeframe perspective will be within the 151.5 area, nonetheless, once these areas have been reached there is a high potential given that the USDJPY price action just accelerates to the next targets above the zone.

When considering all timeframes together, USDJPY is forming one ascending triangle formation within each timeframe. With the price action reaching out to the target zones of the ascending triangle formations marked by the daily and 4-hour chart, this is going to activate the confirmation completion of the major global ascending triangle formation that is forming within the weekly timeframe perspective. With the completion of the major global ascending triangle formation, minimum targets of 170 will be activated.

In this manner, thank you everybody for watching my analysis of USDJPY. Support from your side is greatly appreciated.

VP

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ANALYSIS UPDATE: USDJPY is aiming for the final triangle breakout that is going to activate the acceleration towards the triangle targets determined by the weekly, daily, and 4-hour timeframe perspective.

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How a major triangle breakout in USDJPY is determined once it has been completed:

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UPDATE: USDJPY is continuing with the completion of the full triangle breakout completions indicating the next target projections as mentioned.