Looks good for a buy at 112200 level with target at 123000 in short term and a possibility to break all time high.at around 115000 level, its in no man land.
The USDJPY pair is presenting a highly compelling long setup. Following a clear Break of Structure (BoS) on the higher timeframes, price has retraced to a key area of interest. This zone aligns with a major liquidity pool, suggesting that institutional players are accumulating long positions before the next significant bullish impulse. The confluence of these...
The price has reached a "good Resistance area," which is a strong historical price level where selling pressure is expected to be high. A "Liquidity sweep" has occurred, which is a key technical signal indicating that the price has temporarily moved above the resistance to trigger stop-loss orders and trap breakout traders before reversing sharply.