USDJPY | Exhaustion Into Resistance, Watching For Retracement

avatar
· Views 3,784

#USD/JPY# USDJPY | Exhaustion Into Resistance, Watching For Retracement

USDJPY has printed an aggressive bullish expansion into a higher-timeframe resistance area, but price is now approaching a zone where upside momentum may begin to fade.

The highlighted entry zone represents an area where sellers could become active following the recent impulsive move. A rejection from this region may trigger a corrective decline back into previous support levels.

Rather than chasing the rally, I'm monitoring price action for bearish confirmation within the marked supply area before considering any downside continuation.

🎯 Bearish Targets
✅ Target 1: 158.531
✅ Target 2: 158.342
✅ Target 3: 158.003

📌 Key Observation
🔹 Price has expanded significantly away from equilibrium.
🔹 Resistance zone remains overhead.
🔹 A rejection could open the door for a retracement into lower liquidity levels.

Note: This is an educational market view based on current structure and resistance reaction. Always wait for confirmation and manage risk appropriately.

Peringatan: Pendapat yang disampaikan sepenuhnya merupakan milik penulis dan tidak mencerminkan posisi resmi Followme. Followme tidak bertanggung jawab atas keakuratan, kelengkapan, atau keandalan informasi yang disediakan, serta tidak bertanggung jawab atas tindakan apa pun yang diambil berdasarkan konten ini, kecuali dinyatakan secara tertulis.

Suka artikel ini? Tunjukkan apresiasimu dengan memberi hadiah untuk penulis.
Balasan 0
Belum ada komentar. Jadil yang pertama untuk membagikan komentar.

  • tradingContest