RSI divergence near resistance hints at bearish reversal potential. MACD bullish crossover aligns with Fib retracement at 155.056 (38.2%). Fib Levels: Price respects Fib extension at 156.025 (61.8%) as resistance.
💡 Trade Setups
📈 Intraday Buy Trade
Entry Price: 🟢 155.056 Stop Loss: 🔴 154.088 Take Profit 1: 🟡 155.502 Take Profit 2: 🟠 156.025
Rationale: DCMP consolidates above 155.056 with bullish MACD momentum and Fib confluence.
📉 Intraday Sell Trade
Entry Price: 🔴 156.025 Stop Loss: 🟢 156.624 Take Profit 1: 🟡 155.198 Take Profit 2: 🟠 154.683
Rationale: Strong resistance at 156.025 (weekly R1) paired with overbought RSI favors downside.
📌 Final Insights
Critical Zones: Monitor 155.056 (bullish defense) and 156.025 (bearish trigger).
Fundamental Catalyst: BoJ intervention risks and Fed rate expectations may drive volatility.
USDJPY If you sold with us yesterday from 155.4, we’ve reached the golden ratio area—best to take profit! While momentum still favours the downside, I’ll lock in profits here and watch for the next setup.