USDJPY – Supply Zone Rejection Incoming?

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June 6, 2025 | Short-Term Bias: Bearish

USDJPY is currently trading around 144.16, testing a key supply zone between 144.25 – 144.45. This area has historically acted as a strong resistance, and we’re now seeing signs of exhaustion after a solid bullish run from the 142.90 demand zone.

🔍 Technical Highlights:

Price is inside a high-probability supply zone, with clear historical rejection at this level.

A strong bearish risk-reward setup is in play, with the target at 142.90 and a stop above 144.456.

The volume profile shows high activity around 144.00–144.25, hinting at possible consolidation or distribution.

Previous structure confirms this level has served as a seller’s stronghold.

📉 Bias:
Leaning bearish as long as price remains below 144.456.
A break and close above that level would invalidate this setup and shift the bias to bullish, targeting the 145.00+ area.

📌 Trade Idea (Not Financial Advice):

Entry: Current level (~144.16)

SL: Above 144.456

TP: 142.90

Let’s see if sellers step in again here, or if bulls are ready to break through. ⚔️
Drop your thoughts below! 👇

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