USDJPY | 4H 157.0–159.6 range — wait for a clean edge

Wait 5 sec.

USDJPY | 4H 157.0–159.6 range — wait for a clean edgeUSD/JPYOANDA:USDJPYmasood112jOANDA:USDJPY • 4H range map / D1 context. Snapshot: 158.508, Friday Nov 6 close; OANDA shows market closed, so these are not live levels. Latest D1 bar: O 157.709 / H 158.588 / L 157.258 / C 158.508. Context: the daily chart shows a volatile downswing from the late-October high near 164.5 to a low around 155, followed by a rebound. Since that recovery, the 4H chart has been choppy, with repeated turns roughly between 156.8 and 159.6. The current 158.508 is near the middle of that box, not a favorable location for a directional trade; bias is neutral until a range edge is tested and confirmed. Swing dates/levels are approximate from the visible chart. Conditional range fade only: if price retests 159.2–159.6 and 4H rejects the zone, 159.40 is a reference entry after confirmation. Invalidation above 160.05 (65 pips risk). Objectives: 158.20 then 157.20; from 159.40 that is 120 pips (~1.8R) and 220 pips (~3.4R). No rejection, no trade; don't sell the middle of the range. Alternative: a 4H close above 159.6 followed by a hold invalidates the fade; wait for a retest before reassessing, with the next visible area around 160.5–161.0. A close below 156.8 would instead mean range expansion; reassess rather than assume a bounce. Weekend closure/gap risk applies. These are subjective chart scenarios, not advice or guarantees; no FVG/OB/BOS claim.