USD JPY A BUY ENTRY IS READY!!

USD JPY, as per the weekly chart, is in a full uptrend. USD JPY analysis up on the daily chart, there is an uptrend running. And trend momentum is satisfactory. USD JPY, as per the daily chart, in the date-22-04-2025 started a bullish reversal after the end of five months long lasting down-trending trend. We saw on that day that a bullish pin bar had occurred in the daily chart. It is the bullish turning point price action signal. In date -07- 07- 2025 usd JPY a big body bullish candle closed above the 50 EMA in the daily chart. Same day, the 21 EMA also crossed over the 50 EMA. After this, the USD/ JPY pair had been passing a sideways movement. This range-bound movement has been lasting about three months.In last 06 October this month usdjpy was able to break the three month long lasting range with a high-volume candle. And usd jpy price was gone to the label 153.275. Then the price was taken as a corrective move to get some correction.And price has fallen down to the previous broken resistance149.930.But this resistance turns into a new support.Not only then this label is a confluence label because it is the 50% retracement label of recent pick 146.585 to 153.275. We are seeing a bullish pin bar price action signal created last Friday on the daily chart So as per this chart scenario we can recommend a buy entry within the price label 150.000 to 150.640.Target 153.000 and set stop loss 149.370