@PriyaS14 on USDJPY | PriceONN Community

I'm considering a potential short setup on USDJPY if we get a confirmed rejection at the 153.20-153.30 level. My entry would be around 153.15, with a stop loss just above 153.50. The initial target would be 152.70, and then potentially 152.30 if the bearish momentum continues. This is a relatively tight trade, so I'll be monitoring it closely. I'm basing this on the recent price action and a Fibonacci retracement level. Remember to always manage your risk!