JPYUSD H1 Analysis TodayJAPANESE YEN / U.S. DOLLARFX_IDC:JPYUSDHenrybillionJPYUSD H1 Analysis Today – Bullish Base Above 0.00641, Breakout Path Toward 0.00644–0.00647 JPYUSD on the 1H chart is transitioning from a sharp reversal low into a controlled consolidation. After the strong rebound, price is now building a tight range (the highlighted box) around 0.00641–0.00642, which often acts as an accumulation zone before the next expansion leg. The bias stays bullish as long as price holds this range base and continues printing higher lows. The clean opportunity today is either buying pullbacks into the demand box, or trading the breakout with confirmation into the overhead supply zones. H1 Market Structure and Trendline Read A clear V-shape recovery from the swing low, followed by a range under resistance. Consolidation is happening above prior micro support, suggesting buyers are defending dips. This is a typical “pause before continuation” structure: range → liquidity sweep → expansion. Directional bias: Bullish continuation while price holds above the demand box floor. Key Support and Resistance Levels (Most Important Today) Support (buy zones) 0.00641–0.00640: Primary demand / range base (best dip-buy area) 0.006385: Secondary support (breakdown retest zone) 0.00635–0.00634: Major swing low base (trend invalidation territory) Resistance (profit zones and breakout triggers) 0.00643–0.00644: First supply layer (nearest overhead resistance) 0.00647–0.00648: Major supply zone (top band on chart) Above 0.00648: Upside continuation window opens (trend extension) Fibonacci Confluence (Where the Market Likely Reloads) Use Fibonacci from the swing low (around 0.00634) to the recent swing high (around 0.00643): The 0.382–0.50 retracement region typically overlaps the current consolidation base. That makes the 0.00641–0.00640 demand box a high-probability reload zone, especially if price dips and immediately gets bought back into the range. EMA and RSI Filters (For Cleaner Entries) EMA (trend filter) Bullish continuation is favored when price holds above the rising H1 EMA cluster (commonly 20/50). High-quality longs often occur when price taps into EMA support and prints fast reclaim candles back above the range midpoint. RSI (momentum filter) Continuation bias stays strong if RSI holds above 45–50 during pullbacks. If RSI breaks below 40 and stays weak while price loses 0.00640, expect deeper retracement into 0.006385 or lower. Trade Setups for Today (H1 Execution) Setup A – Buy the Pullback at the Range Base (Highest Probability) Entry idea: Wait for price to dip into 0.00641–0.00640 Trigger on bullish rejection (pin bar, bullish engulfing) or a reclaim of the range midpoint after a sweep Invalidation: H1 close below 0.00640 with follow-through Targets: TP1: 0.00643–0.00644 TP2: 0.00647–0.00648 TP3: extension above 0.00648 if breakout momentum is strong Setup B – Breakout Long Above 0.00644 (Momentum Continuation) Entry idea: H1 close above 0.00644 Prefer the retest of 0.00643–0.00644 holding as support Stops: Below the retest low / back inside the range Targets: 0.00647–0.00648 first Extension above 0.00648 if volume and candle body expansion appear Setup C – Breakdown Scenario (Only If Demand Fails) If price breaks below 0.00640 and retests it as resistance: Short on the retest with confirmation Targets: 0.006385 Then 0.00635–0.00634 if selling pressure accelerates Invalidation: Strong reclaim back above 0.00640 with RSI recovery