USDJPY Analysis: Bullish Bias Despite Market Volatility

- Market Sentiment: Bullish Bias
- Weekly Chart Analysis: Violation of Recent Resistance Indicates Strength
- Trade Plan: Buying Opportunities Favored over Shorting

Analysis:
- Market Sentiment: Maintains Bullish Bias on US Dollar, despite market volatility
- Weekly Chart Analysis: Notable violation of recent resistance level on the USDJPY Weekly chart
- Implications: Market speculation regarding potential BOJ intervention in FX Market
- Trade Plan: Prefers buying opportunities over shorting due to pair's independent behavior

Trade Plan:
- Buying Opportunities: Look for buying opportunities at support levels (e.g., 154.27, 154.12, 153.89)
- Support and Resistance Trading: Shorting opportunity at 154.70 on the 1-hourly chart, although not actively pursued

Insights:
Maintaining a bullish bias on USDJPY despite market volatility, with a focus on buying opportunities over shorting. Preference for buying entries at support levels, while remaining cautious of resistance levels for potential shorting opportunities. Exercise caution and adaptability in response to the pair's independent behavior.

📈📉 Remain vigilant and adaptable in navigating the USDJPY market, prioritizing risk management and flexibility in trade execution!