USDJPY (H4) Sell Now at 150.220, TP at 149.400

USDJPY USDJPY (H4) Sell Now at 150.220, TP at 149.400
Sell Now at 150.220
SL at 150.475
TP1 at 149.910
TP2 at 149.400

The USDJPY market on the H4 timeframe exhibits the following characteristics:

The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur.
The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power.
Simultaneously, the lower end establishes a loosely defined price support region, with cand
lesticks extending below the support area.

Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152.

It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.

Trade closed: stop reached:

uhm...It's stoploss.