SELL: USDJPY 144.75 Trade Recommendation – 1H Chart

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🎯 Trade Setup:
Sell Entry Zone: 144.75 – 144.78

Stop Loss (SL): 145.15

Take Profit (TP): 142.60

Risk:Reward Ratio (R:R): Approx. 1:4 → Excellent for swing or intraday setups

📊 Technical Analysis Breakdown:
1. Strong Resistance Zone – High Reversal Probability:
The 144.75–144.78 zone:

A clear historical resistance area with multiple rejections in the past

Converges with the SMA 89 (red line) → acts as a strong dynamic resistance

Price has consistently formed lower highs around this region → showing selling pressure is building

2. Volume Analysis – Distribution Signals:
Volume slightly increased as price approached the resistance but did not accompany a breakout

No “breakout volume” → Indicates possible distribution phase, not accumulation → Favoring SELL positions

3. Price Action & Pattern:
The structure is forming lower highs – a key sign of bearish momentum

After the sharp rejection from the 145.22 zone (June 26), the market has shifted toward a bearish correction cycle

4. Target Area – Key Support:
142.60 is a well-defined support level:

Matches a previous major low

Corresponds with a high-liquidity zone from prior trading sessions

Ideal area to take profit before any potential bounce

⚠️ Risk Management Notes:
Trade confirmation increases if you see bearish candlestick signals (e.g., bearish engulfing, pin bar) in the entry zone

Exit immediately if price breaks and closes above 145.15 with strong volume – that invalidates the bearish setup

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