USD/JPY BULLISH SETUP

The USD/JPY daily chart indicates a potential bullish reversal setup. Price has been consolidating within a descending trendline and has recently bounced from a strong support zone around 140.000. The presence of multiple rejections from the lower support zone suggests buying interest. A breakout above the trendline confirms bullish momentum. The Ichimoku cloud is narrowing, indicating potential for trend shift. The market is eyeing a move towards the next resistance zone aligned near a previous supply area. Bullish confirmation with rising volume could fuel further upside. A break and hold above resistance may lead to further continuation in the coming sessions.

Entry Point: 142.100/141.000
Target Point: 151.110

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