usdjpy retracement phase trade U.S. Dollar / Japanese YenFOREXCOM:USDJPYTaiPipSNIPRESSUSDJPY is currently setting up for a potential retracement opportunity, but patience is key here. Price is still respecting an overall bearish structure, so we’re not looking to fight the trend blindly — we’re looking to capitalize on a controlled pullback within it. Right now, price is consolidating, and that range is important. What we need is a confirmed close to the upside, breaking out of this consolidation zone. That bullish close would signal momentum shifting enough to allow a retracement to move to develop. If that happens, the next area of interest is a move back to the 50% Fibonacci level. From there, we can anticipate price potentially pushing into the fair value gap, aiming toward the 75% discount zone. That area would offer a cleaner, more favorable retracement target, aligning with smart positioning rather than chasing price. Until we get that confirmed breakout and close, this remains a setup not an entry. Let the market show its hand first. Once it does, the opportunity is in riding the retracement, not predicting it early.