USD/JPY: Positioning for a Reversal from Key Resistance

Technical Overview and Entry Strategy

The USD/JPY pair is currently trading at 149.79, exhibiting a sideways trend within a relatively tight day range of 149.36 to 150.22. My analysis indicates that the pair is approaching a critical resistance zone, with 150.22 marking the recent high and a significant level to watch. The data speaks: price action around this level suggests a potential rejection.
Given this technical confluence, I am initiating a short position trade. My entry is set at 149.9, anticipating a move lower should the pair fail to decisively break above the 150.22 resistance. This is a position trade, meaning I am looking for a more sustained move over the coming days or weeks, targeting