USDJPY: Cup and Handle Pattern Presents Buying Opportunity.

A well-defined cup and handle pattern has emerged on the 4-hour USDJPY chart, signaling a potential reversal and buying opportunity

Market Analysis
The pair has been consolidating within a distinct range, forming a cup-shaped correction. A bullish handle has formed, indicated a potential upside breakout. The hawkish Fed outlook and rising US yields continue to support the USD.

Trading Strategy

Entry Zone: 157.200 - 157.700
Stop Loss: 155.000
1. TP1: 159.000
2. TP2: 160.200
3. TP3: 161.500
4. TP4: 162.700