USDJPY Outlook for Week 48 Wk47Day22

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USDJPY Outlook for Week 48 Wk47Day22USD/JPYOANDA:USDJPYtopekekereUSDJPY asset has continued in the direction of the long-term trend (see my earlier post). What I don't know is if bullish traders will take the asset from 158 to 162 (both levels are round numbers and psychological levels to induce traders in both directions). At the beginning of this year (Jan 2025), this asset became bearish at 158 to a low of 140 and is approaching a high of 158 again. Closing price of the asset last week was 156.358 and the high of the asset according to Wall Street Journal was 157.55 The gap analysis I made several weeks back signals that sellers have hopped on this asset and are ready to sell the pair. From 153, eager sellers have been trying to take a bite out of the market. While USDJPY remains a buyers' market, as speculative traders, we keep an eye on the market for changes. In other words, we go with the trend until the bend in the end. Because sellers successfully melted the pair on Thursday, 20 Nov, 2025, we should expect some continuation of that move before bulls kick in. On a demo account, I am looking to sell and see if sellers can take this asset down to 153 before I buy again. Sell stop 156 take profit 153 stop loss 157 Buy limit 153 take profit 158 stop loss 152 Disclaimer: Not a trading advice, for educational purposes only If you agree with my analysis, please give it a boost; if you disagree, please share with me your own bias of the trade