USDJPY Short Setup: Trend Reversal Confirmation in ProgressUSD/JPYOANDA:USDJPYLordemersonAfter waiting patiently for nearly two weeks, price action on USDJPY is finally beginning to align with bearish expectations. The current setup shows signs of exhaustion in the bullish momentum, with a rejection near the 147.80–148.00 zone — a key area of interest. 🔍 Entry thesis: Price is reacting below previous highs. EMAs are starting to compress and slope downward. Potential change of character (CHOCH) forming on lower timeframes. 🎯 Trade parameters: Entry: 147.72 SL: 147.99 TP: 146.35 Risk/Reward: ~5:1 This move could unfold progressively throughout the week, especially as we approach the end-of-month flows and increased USD volatility. I’ll continue to monitor structure and volume for confirmation.