📉 USD/JPY – Short Setup in Play After Major Rally
🗓️ Published May 12, 2025 | 4H Chart | OANDA
After a strong bullish surge in USD/JPY, price has now tapped into a key resistance zone near 148.875, aligning closely with prior supply and the declining 200 EMA. This area also coincides with a psychological resistance level.
💡 A short position has been initiated following rejection from the supply zone, marked by a clean bearish candle and fading momentum. The blue arrow highlights the entry confirmation area.
🗓️ Published May 12, 2025 | 4H Chart | OANDA
After a strong bullish surge in USD/JPY, price has now tapped into a key resistance zone near 148.875, aligning closely with prior supply and the declining 200 EMA. This area also coincides with a psychological resistance level.
💡 A short position has been initiated following rejection from the supply zone, marked by a clean bearish candle and fading momentum. The blue arrow highlights the entry confirmation area.
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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.