Strong Sell Opportunity for USD/JPY Coming Soon

The USD/JPY pair is currently moving in an uptrend following a previous sharp decline, having rebounded from strong daily demand zones.

We anticipate a test of the supply zones marked on the chart, which currently represent the key selling areas for the pair.

Projected Targets

Should the price test the supply zones near the 159.33 level, we expect a decline toward the targets marked on the chart—specifically near the 158.40 and 157.40 levels.

This analysis would be invalidated if the price breaks above the marked supply zones and closes with a daily candle above them.