USD/JPY - 1H Analysis & Key Levels

📉 USD/JPY - 1H Analysis & Key Levels

🔴 H1 Supply Zone (SBR): 153.791 - 153.993
🟢 Daily Demand Zone: 148.715 - 149.603

📊 Possible Scenarios:
1️⃣ Bearish Rejection: Price is testing the H1 SBR zone. If it rejects, a move towards Fibonacci retracement levels (152.983 - 152.805) or deeper (153.142) is possible.
2️⃣ Break & Retest: If price breaks above 153.993, bulls may target new highs.

💡 Trading Plan:
✅ Watch for rejection at 153.791 - 153.993 for potential short entries.
✅ Monitor 152.805 - 153.142 as possible retracement buy zones.
✅ A confirmed break below 152.500 could signal further downside towards 149.603.

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