USDJPY Next Week | Short From 147.56 Targeting Liquidity SweepUS Dollar vs Japanese YenPEPPERSTONE:USDJPYHiroyuki-SuzukiHere’s my outlook for USDJPY in the coming week. If price rises to around 147.56 in the early part of next week (Aug 18–22), I believe it’s a good area to consider going short. This level has acted as resistance several times recently, and I expect it could hold once again. If price fails to reach 147.56, I won’t take the trade — in that case, the risk-to-reward profile would likely deteriorate, and I prefer to avoid setups where my predefined advantage is weakened. The stop loss should be placed above the white line. From experience, once price breaks above that line, it often continues to take out the highs above it. That’s why I believe placing a stop here is both reasonable and sufficient. The purple line below marks a level where I expect price could extend to if it sweeps the liquidity (stop losses) resting around recent lows. This purple line is located roughly halfway between the previous low and the nearby high beneath it. Based on my years of trading experience, when price breaks a low, it rarely reverses immediately; more often, it continues a bit further before turning around. For that reason, I allow a small buffer and set my take profit around the 0.382 Fibonacci level between those two price points. My plan is to hold the short position until that level, then take profit and start looking for a potential long setup from there. In my view, 147.56 is likely to be reached sometime next week, so I will post an update once we see how the market reacts. This trade setup gives a risk-to-reward ratio of 6.5. Without including fees, the breakeven win rate for this trade would be approximately 13.33%. Knowing these figures in advance helps me avoid emotional trading. If you often find yourself trading based on emotions, I recommend doing this type of pre-planning and quantifying your setups before execution — it can be a simple yet highly effective improvement. I’ll be sharing updates on how this idea plays out, so if you want to follow along and see the outcome, consider following me here on TradingView. --- *This post is for general informational and educational purposes only. It does not constitute financial advice, investment recommendation, or a service targeting specific investors, and should not be considered illegal or restricted information in any jurisdiction.*