USDJPY – Bullish Harmonic Setup (Potential Reversal from PRZ)

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USDJPY – Bullish Harmonic Setup (Potential Reversal from PRZ)USD/JPYOANDA:USDJPYBrocetaWe are currently observing a completed harmonic structure (XABCD) with price reacting inside a key Potential Reversal Zone (PRZ). 🔍 Structure Overview: XA impulse leg followed by a corrective AB move BC retracement aligns with typical harmonic ratios CD completes near the 0.786 – 0.886 Fibonacci zone, forming a high-probability reversal area 📍 Key Levels: PRZ: 158.70 – 158.85 Invalidation: Below 158.55 (structure failure) Upside targets: TP1: 159.30 (0.382 retracement) TP2: 159.50 (0.5 level) TP3: 159.75+ (previous structure resistance) 📈 Trade Idea: Price has reacted from the PRZ and is showing early signs of a bounce. As long as the D point holds, this setup favors a bullish continuation toward mid-range Fibonacci levels. ⚠️ Risk Management: A break below the PRZ invalidates the harmonic structure and shifts bias. This is a technical setup based on structure and Fibonacci confluence — always manage risk accordingly.