USDJPY: Pivotal Test at 158.00–158.50
USDJPY: Pivotal Test at 158.00–158.50
USDJPY: Pivotal Test at 158.00–158.50
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*USDJPY is facing a key Decision Point (DP) at the 158.00–158.50 resistance zone. The structural volume profile and multi-timeframe channels present two primary scenarios depending on how price handles this overhead supply.
*Key Technical Scenarios
*Bearish Rejection (Primary Downside Case): Trigger: Rejection at 158.00–158.50. Target 1: Move toward the Composite Volume Profile Value Area Low (VAL) at 155.00. Target 2 (Extended Downside): Break below 155.00 targets 152.65 (C target), aligned with the lower boundary of the monthly trend channel support shown in the right panel.
*Bullish Breakout (Upside Extension): Trigger: Sustained acceptance above 158.50. Target: Equality objective extension test toward the 160.40 B pivot resistance
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Patrick has been involved in the financial markets for well over a decade as a self-educated professional trader and money manager. Flitting between the roles of market commentator, analyst and mentor, Patrick has improved the technical skills and psychological stance of literally hundreds of traders – coaching them to become savvy market operators!