USD/JPY - H4 - Channel Breakout

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The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days.

USDJPY
Key Points:

Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 151.30
2nd Support – 149.82


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