This USD/JPY 1-hour chart shows price approaching a resistance zone around 154.8–155.0. After a recent bullish breakout (BoS), the analysis suggests a potential pullback from this resistance area, with a short-term bearish target around 153.300. The setup implies a possible short trade opportunity if price rejects the resistance zone.
Trade active
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.