USD/JPY: Targeting Downside from Established Resistance

USD/JPYShortSwing1h ago3 views

Trade Setup

Entry Price

149.5000

Stop Loss

149.6000

Take Profit

149.2000

Risk : Reward

1 : 3.00

RiskReward

Technical Outlook and Setup Rationale


The USD/JPY pair is currently exhibiting a distinct sideways trend, with the immediate price action confined within a tight range. At a current price of 149.44, we observe the pair trading near the upper boundary of its recent intraday movement, specifically close to the day's high of 149.53. This

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