USDJPY – Potential Bullish Reversal Setup

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USDJPY – Potential Bullish Reversal SetupUS Dollar vs Japanese YenPEPPERSTONE:USDJPYawaistariq07USDJPY has been consolidating after a strong downside move, and the price is now showing signs of stabilization near a key support area. This zone could offer a potential reversal opportunity if bullish confirmation appears. Market Analysis Price has reached a short-term support zone near 151.60–151.70, where previous reactions occurred. Momentum to the downside appears to be slowing, suggesting possible exhaustion among sellers. A rebound from this level could trigger a short-term bullish correction toward 152.50–152.70. The green area represents a potential buy zone, while the red area marks risk invalidation below support. Trade Plan Entry: Around 151.70 – 151.80 Stop Loss: Below 151.45 Take Profit: 152.60 – 152.70 If the price holds above 151.70 and gains momentum, we could see a bounce toward the upper resistance. However, a clean break below 151.45 would invalidate this setup and open the door for further downside. 📊 Bias: -Bullish ⚠️ Note: This analysis is for educational purposes only. Always confirm entries with your own strategy and manage risk accordingly.