USDJPY > Key Buy Entry Level Identified at Strong Demand Zone

Hello traders,

let's discuss the USDJPY currency pair. We recently saw a double-top formation at the trendline resistance, making it an opportune time for a short trade if you follow reversal patterns. However, this would go against the current short-term trend.

Instead, I'm interested in a potential buy entry if the market comes down to test the strong demand zone. This zone also coincides with trendline support and a key market level of 132.00, increasing the probability of a bullish reaction.

As always, it's important to wait for confirmation on lower timeframes before entering a trade. Keep an eye on this setup and stay tuned for further updates.

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chartanalysischartpattrenharmonicpattrenSupply and DemandSupport and ResistanceTrend Lines

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