USDJPY LIVE Y

Solid multi-timeframe confluence setup! Here's a quick read on what you've shared:

Your Structure (Top-Down)

- Weekly rejected support → Daily breakout

- Daily rejected support → 4H breakout

- 4H rejected support → 1H breakout

- Entry: 1H support level, targeting 1:4 R/R

That's a clean cascading confirmation approach — each timeframe validating the next lower one before entry.

G
@godswillfx - 2 months ago

From the Chart

- Current price: ~159.487

- The teal box above suggests your take profit zone (~159.60+)

- The red box below appears to be your stop loss zone (~159.44 area)

- That aligns roughly with a 1:4 R/R if your TP is near 159.64+

G
@godswillfx - 2 months ago

A few things to keep in mind:

- USDJPY remains sensitive to BOJ intervention rhetoric any sudden yen-strengthening news can invalidate technical setups quickly

- The 159.50 area has been a contested level recently

G
@godswillfx - 2 months ago

Massive pump to the upside.

Adjusted my SL.

TP smashed

G
@godswillfx - 1 month ago

Taking a Bullish trade on USDJPY

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