USD/JPY (2H chart)...USD/JPY (2H chart):
The current price is around 152.97, sitting at the upper resistance zone marked on my chart.
There’s a visible ascending trendline, and the price is currently testing or slightly above that line.
My marked two target points below — likely indicating a bearish correction setup if the trendline breaks.
Here’s the detailed breakdown:
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📉 Bearish Scenario (if price breaks below trendline and 152.50 zone):
1. First Target:
Around 151.65 – 151.70
→ This aligns with my first “target point” label and Ichimoku cloud support.
2. Second Target:
Around 150.30 – 150.50
→ my lower target zone, near the previous consolidation support.
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📈 Bullish Scenario (if resistance breaks and price sustains above 153.00):
Next resistance levels: 153.50 – 153.80, and then 154.20.
Only valid if there’s a strong close above 153.00 with volume.
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🔹 Summary:
Scenario Condition Target 1 Target 2
Bearish Break below 152.50 151.65 150.30
Bullish Break & close above 153.00 153.50 154.20
