USDJPY Short Setup Near Key Resistance

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🔻 USDJPY Short Setup Near Key Resistance 🔻
Timeframe: 4H
Symbol: USDJPY
Trade Type: Short (Sell)

📌 Context:
USDJPY is approaching the psychological resistance zone at 148.00–148.50, an area that has historically triggered pullbacks. While the recent momentum is bullish, key technical indicators are flashing overbought conditions.

📉 Technical Confluence:

RSI above 70, suggesting exhaustion

Price nearing upper Bollinger Band

4H structure hints at a possible bearish divergence

Previous resistance around 148.00 held multiple times

💡 Short Idea:
I’m watching for signs of rejection or bearish candle confirmation near the 148.00–148.30 zone. If the price fails to break above, this could be an ideal place to short.

🎯 Potential Targets:

TP1: 147.20 (recent support / 50EMA on 4H)

TP2: 146.50 (mid-June consolidation zone)

⛔️ Stop Loss:

SL above 148.50, just beyond the resistance structure

⚠️ Invalidation:
A clean breakout and 4H close above 148.50 would invalidate this idea.

📝 Note: Always wait for confirmation. This is not financial advice. Use proper risk management.

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