USDJPY 1H – 5-WaveUS Dollar vs Japanese YenICMARKETS:USDJPYTradeChartPatternsLikeTheProsHello awesome traders! USDJPY (1H) is shaping up beautifully with a textbook 5-wave structure into a potential reversal zone. After completing the 5th wave at 145.442, we’re seeing a controlled pullback targeting the TARGET ZONE 1, which aligns perfectly with: 127% Fib Extension of the last impulse 161.8% Full Projection 200 SMA Dynamic Support We’re watching closely for price to reach this high-confluence area (144.471 – 144.207), which also aligns with the previous Wave 4 region and the trendline break. If buyers step back in with strong price action, we’ll look to long from this zone toward a retest of 145.255, and possibly beyond if structure shifts bullish again. Key Outlook: 🔸 Short-term retracement into value 🔸 Bullish continuation possible from PCZ 🔸 Patience pays — let the setup complete We'll monitor the TARGET ZONE 1 for signs of accumulation and a fresh breakout setup. 🔥 Structure. Patience. Execution. 🟠 Follow for more clean structural setups and trade-ready charting ideas TradeChartPatternsLikeThePros.