🔻 Entry Point: Consider initiating a short position if USD/JPY reaches 155.800.
🎯 Target Levels:
First Target: 153.200
Second Target: 152.200
Third Target: 149.000
🛡️ Risk Management:
Upon reaching the first target at 153.200, adjust your stop-loss to the entry point (155.800) to secure profits and minimize risk.
📊 Technical Overview:
The pair has recently experienced a counter-trend movement, indicating potential for further downside.
🔍 Recommendation:
Monitor price action closely and ensure confirmation of bearish momentum before entering the trade. Always employ appropriate risk management strategies and stay informed about economic events that may impact currency movements.
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