From TradingView · · 1m 10s
USDJPY tests a seller zone
USDJPY is pressing into resistance near 155.20, where a rejection could send it back toward nearby supports.
In brief
USDJPY is pressing into resistance near 155.20, where a rejection could send it back toward nearby supports. The setup depends on confirmation. A stall or loss of bullish momentum near 155.10 to 155.20 would favor the bearish targets. Originally reported by TradingView.
Price reaches supply
USDJPY has rallied into a higher-timeframe supply zone around 155.10 to 155.20, a region the trader sees as a possible rejection point.
“USDJPY has rallied into a significant higher-timeframe supply zone around 155.10 - 155.20”
Trend still holds
The recent move has respected an ascending trendline, so the bullish structure is not broken yet. The test is whether buyers can keep control here.
“The market has respected the ascending trendline throughout the recent advance”
Resistance meets structure
Price is also testing the upper boundary of the current bullish structure. That overlap makes the zone more likely to draw a reaction.
“testing the upper boundary of the current bullish structure”
Sellers may respond
The same resistance area has drawn sellers before. A clean rejection could start a corrective move toward support and untapped liquidity below.
“a key resistance region that has previously attracted sellers”
Targets sit below
The bearish objectives are 154.80, 154.40, and 154.00. Those levels frame the downside plan if momentum fades near supply.
“Target 1: 154.80 ✅ Target 2: 154.40 ✅ Target 3: 154.00”
Wait for proof
The trade idea is conditional. The key signal is a loss of short-term bullish momentum inside the highlighted supply area.
“Always wait for confirmation and manage risk.”
The headline
The setup depends on confirmation. A stall or loss of bullish momentum near 155.10 to 155.20 would favor the bearish targets.
