USDJPY H1: Sellers May Be Looking to Retest the BOS Zone Below

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USDJPY H1: Sellers May Be Looking to Retest the BOS Zone BelowUSD/JPYOANDA:USDJPYMarcus_lawsonUSDJPY has just completed a strong rally following a break of structure (BOS) at the 163.200–163.400 zone, touching a high near 164.000 and now showing signs of weakening along a short-term descending trendline. After this hot rally, sellers may be looking to push price back down to retest this BOS zone before the primary trend gets more clearly confirmed. My plan is to sell if price gets rejected at the descending trendline around 163.700–163.800, stop loss above 163.900, targeting the BOS zone at 163.200–163.400 below. The biggest risk is if price breaks above this trendline and closes firmly over 163.900 — in that case, this attempt to retest the BOS will be considered unsuccessful, and I'll stay on the sidelines waiting for a new structure rather than forcing a sell. This is just my personal take based on technical analysis. Wishing you successful trading.