USDJPY buyers had their shot—and ran into the targeted resistance.In the morning video, I outlined the falling 200-hour moving average at 154.90 and the swing area between 155.04 and 155.21 as upside resistance targets that should attract willing sellers.The price subsequently moved into that resistance cluster, reached 155.21, and stalled. Sellers leaned against the area and pushed USDJPY back below the 200-hour moving average. The price is now trading near 154.39.The technical message is straightforward: the resistance area did its job. Buyers made a play, but they could not establish a foothold above the 200-hour moving average and swing area. That keeps the sellers more in control.Going forward, it would take a move back above 154.90, followed by a sustained break above 155.04–155.21, to give buyers greater control. Until then, rallies can continue to attract sellers.On the downside, the rising 100-hour moving average at 153.88 is the next important target. A break below that level would strengthen the bearish bias and increase the potential for another move toward the recent low at 152.93.What can you learn from the price action and the techncals tools applied to the price action?The trade highlights the value of technical confluence. A single technical level can attract attention, but when a moving average and a swing area are located in the same region, the area becomes more significant. Different traders may be watching different tools, but they are all being drawn toward approximately the same price.It also shows why traders should think of support and resistance as an area rather than one exact price. USDJPY moved slightly above the 200-hour moving average before finding sellers within the broader 155.04–155.21 swing area. That did not invalidate the resistance. What mattered was whether buyers could break through the entire cluster and stay above it. They could not.For traders leaning against that resistance, the area also provided a clear way to define risk. If the price had moved above 155.21 and remained above it, the bearish trade idea would have been wrong—or at least premature. Good technical levels should help traders define not only where to enter, but also where they are wrong.The final lesson is that reaching a target is not the same as breaking it. Buyers successfully extended into the resistance target, but they failed to establish control above it. When buyers have their shot and miss, sellers often become more confident. This article was written by Greg Michalowski at investinglive.com.