USDJPY Analysis, April 28, 2025
On this USDJPY chart with M15 timeframe, it can be seen that the previous main trend was a strong uptrend. However, after reaching a certain peak, the price began to weaken and move sideways before finally showing signs of reversing direction into a mild downtrend. Currently, the price has managed to break through the Moving Average downwards, which provides an early indication that buyer dominance is starting to erode and sellers are starting to take over.
Wait for the price to really show valid rejection in the supply area (green box) with a bearish candlestick signal. Sell entry can be made near the upper limit of the supply area, with Stop Loss above the strong resistance area, around 143.50. The initial Take Profit target can be placed around 142.90, and if the bearish momentum continues, the further target can be directed to around 142.60.