$USDJPY | 1H Trade Setup Update Position: 🔴 Short

$USDJPY | 1H Trade Setup Update

Position: 🔴 Short

Trade Details:�• Entry: ¥153.028�• Stop Loss: ¥153.198�• Take Profit: ¥152.055

● Current Analysis:�USD/JPY is facing resistance near ¥153.198 and has started to show bearish divergence. The price is currently sitting below the key liquidity zone at ¥152.528, indicating potential downward momentum. The pair is also below the 200-period Moving Average, suggesting increased selling pressure. The short-term outlook points toward further downside if ¥152.528 resistance holds.

● Technical Indicators:
• Momentum: Declining, signaling increased selling pressure.
• Volume Profile: Shows a lack of support between ¥152.528 and ¥151.648, increasing the likelihood of a move lower.
• Stochastic RSI: Indicates overbought conditions, reinforcing the bearish outlook.

● Outlook:�A move below ¥151.648 could confirm the continuation of the downward trend. Traders should watch for price action around ¥152.528 for any signs of reversal or continuation. If ¥153.198 is breached, it could invalidate the short setup, so proper risk management is key.