USD/JPY 15-Minute Chart Analysis

Diupdate
Key Observations:

Price Action: The price is testing a strong resistance zone around 153.070. This level has been retested multiple times, showing significant seller activity.
Support Zones:
152.700–152.800: A strong demand zone where buyers have stepped in previously.
152.200–152.300: A lower demand zone providing a strong floor in case of further declines.
Resistance Zone:
The highlighted resistance zone at 153.070–153.150 has capped price movements several times.

Potential Scenarios:
Bullish Breakout:

If the price breaks convincingly above 153.150, it may head towards higher levels around 153.740 or beyond.
Look for a retest of the resistance zone to confirm the breakout.
Rejection and Reversal:


Trading Plan:

Entry (Buy): Above 153.10 after a breakout confirmation.
Stop loss and Target are given in the chart

Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.





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