Today I tried to buy USDJPY with a stop-loss order at 159.80 and a take-profit order at 160.20. On the M15 timeframe, USDJPY showed a price increase towards the resistance area. This increase actually gave buyers hope of taking control of the market, giving us an opportunity to buy.
My open buy position on USDJPY hit my stop-loss, resulting in a loss of $1.31. On the M15 timeframe, USDJPY appears to be rising and has successfully broken through the resistance level at 160.00. Currently, USDJPY is still moving above the 200-day moving average (MA200), so there's a possibility the price will continue to rise.