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📉 [Sell Limit] USDJPY - Bearish - We look to Sell at 159.84
▪ Buying pressure from 159.02 resulted in all the initial daily selloff being recaptured.
▪ Dips continue to attract buyers.
▪ Due to an Ending Wedge formation, we continue to treat extended gains with caution.
▪ The conflicting views have resulted in the immediate outlook being hard to interpret.
▪ Preferred trade is to sell into rallies.
Confidence: ⭐⭐
⛔ Stop: 160.84
🎯 Target 1: 156.73
🎯 Target 2: 155.83
⌛ Expires: 2026-08-14 20:00 (GMT+00:00)
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