USDJPY: Potential Short Setup at Monthly Resistance

Updated
USDJPY has been in a strong uptrend, recently consolidating within a rectangle pattern.

Price attempts to hold above the rectangle and potentially challenge the monthly resistance level.

Always practice proper risk management with stop-loss orders
Note
As anticipated, the price action adhered closely to my technical analysis, reaching the predefined resistance level before exhibiting a bearish bounce.
DXYPivot PointsreversalpatternsignalsSupport and ResistanceTrend Linesusdjpyanalysis

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