📈 Trade Idea#new-york-session#usdjpy#trade-idea#short
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Price Action Pro
Trader ·
USD/JPY Short Setup: NY Session Continuation Lower
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**Pair/Symbol:** USD/JPY
USD/JPY printed a clear shooting star on the 4H chart at 155.40 resistance — a level that has held three times this month. The BoJ remains in focus with intervention risk alive above 155.50.
With US 10-year yields pulling back from the recent high and risk sentiment turning cautious, the yen has room to strengthen.
**Entry:** 155.20 (break below today's NY morning low)
**Stop Loss:** 155.60 (above resistance + buffer)
**Take Profit 1:** 154.60 (previous demand zone)
**Take Profit 2:** 154.00 (weekly support)
**Risk/Reward:** 1:1.5 to TP1, 1:3 to TP2
The main risk here is a hot US data print this afternoon that reignites the yield differential trade. Size conservatively ahead of data.
Are you watching USD/JPY this session?