🔻 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.
#USDJPY #forex #shortidea #tradingview #priceaction #JPY #DXY #resistancezone #technicals
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.
#USDJPY #forex #shortidea #tradingview #priceaction #JPY #DXY #resistancezone #technicals
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.
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.