USDJPY lets add some sell or buy depends on resistance (-breakou

[MMBTtrader]

As we analyze the USDJPY chart, the price is currently testing a significant resistance level and a critical zone around 153.00, which coincides with a key descending trendline. This confluence presents a potential selling opportunity with a favorable risk-to-reward ratio. A rejection from this zone could easily drive the price down to our primary target.

However, should the price decisively break above this resistance structure, our bearish thesis would be invalidated. In such a scenario, we would exit any short positions with a stop-loss and subsequently activate a new long position. A confirmed breakout would signal a shift in momentum, potentially driving the price higher to reach our secondary bullish target.