USDJPY – Fading 150.80 into the range

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USDJPY – Fading 150.80 into the rangeUS Dollar/Japanese YenFX:USDJPYLeet_TraderBias: Short Timeframe: H4 (execution on M15–H1) Setup: Liquidity sweep + rejection from 150.80–151.00 supply / psychological ceiling Why short here 150 is a marquee level; the 150.80–151.00 band aligns with H4 supply and the recent range high. Price has extended into a prior liquidity pocket; a wick/rejection here often rotates price back into the 149s/148s range. Plan is to sell only after a clear rejection signal (bearish engulfing/pin bar or a lower-timeframe CHoCH). Trade plan Entry: Sell limit 150.80 (±0.10) or market after bearish confirmation in the zone. Stop: 151.65 (above the H4 supply/failed-sweep line). Risk ~85 pips. Targets (scale out): Targets: 149.90 (≈ +90 pips, move SL to breakeven) T: 149.30 T: 148.95 T: 148.30 Optional stretch: 147.70 if momentum follows through Invalidation: Any H4 close > 151.65 or sustained acceptance above 151.00—stand aside; the breakout is likely unfolding. Risk management: Keep risk per trade ≤1%. If volatility spikes around headlines, wait for the M15–H1 bearish confirmation before entering. Notes: Watch USD yields/BoJ rhetoric; they can accelerate or negate the rejection. No need to force the entry—let price tag the zone and show sellers first.