USD/JPY US Dollar vs Japanese YenICMARKETS:USDJPYnickmurrUSD/JPY Short Trade Setup (12H) Pair: USD/JPY | Timeframe: 12H | Bias: Bearish Context: Price rallied from the ~150.50 lows up to a swing high around ~159.50, then reversed sharply. After that sell-off, price is now retesting a key horizontal level around 157.75–157.90 — a zone that previously acted as support during the rally and is now being tested as resistance (classic support-turned-resistance / polarity flip). Entry rationale: The highlighted area on the right side of the chart marks the short entry zone near ~157.85. Price wicked into this level and is showing hesitation, suggesting sellers are stepping in at the former support. The broader structure has shifted bearish after the strong rejection from the ~159.50 high, forming a lower high pattern. Trade idea: Entry: ~157.85 (at the resistance retest) Stop loss: Above the recent swing high / above the zone, roughly ~158.50+ Target: Back toward the ~155.00–153.00 area (previous demand / structure lows) Confluence factors: Support-turned-resistance flip, bearish market structure shift (lower high forming after the ~159.50 rejection), and price stalling at the level rather than breaking cleanly through it.