USDJPY: First Buy And Then Sell Big +1350 Pips MoveUSD/JPYOANDA:USDJPYSetupsfx_USD/JPY: Sell the Pullback Setup 🔺USD/JPY experienced a sharp decline from the 164.00 area breaking below its rising trendline. This changed the daily outlook from bullish to bearish. The price is currently recovering from the recent decline trading around 159.373. 🔺The 158.50–159.30 region is acting as short-term support. If buyers continue defending this area USD/JPY could make a corrective recovery towards the main resistance at 162.766. This potential rise should be viewed as a pullback rather than the beginning of a new uptrend. 🔺The preferred setup is to wait for the price to reach 162.766 and show bearish confirmation such as a rejection candle or failure to close above the resistance. 🔺Trade levels: * Potential sell: 162.766 * Stop loss: 164.308 * Take profit one: 155.222 * Take profit two: 149.144 If the price breaks below 158.50 before reaching the selling area it could return directly towards 155.222. A sustained daily close above 164.308 would invalidate the bearish setup and suggest that buyers have regained control. The Setupsfx_ Team❤️🏆