Waiting for Confirmation around 157,38 
On the USD/JPY H1 timeframe chart, the last price is seen around 157,38, after previously experiencing a strong rise from the 156,00 area up toward 158,30. The movement structure generally still shows a bullish tendency because the price is above the red moving average line and the blue moving average. However, the upward momentum begins to look more limited when the price enters the 157,30–157,40 area. This condition makes candle confirmation important before deciding a position. Main strategy is to follow the trend by waiting for a confirmed breakout or pullback. For the bullish scenario, the 157,30–157,40 area can be observed as a decision zone. If the H1 candle can hold above that area and then breaks through 157,50–157,60 with clear momentum, a move toward 157,85 can be considered. If buying pressure continues, the next resistance is around 158,00–158,30, which is the area that previously marked the high on the chart. Alternatively, traders can wait for a pullback first. If the price drops toward about 156,95–157,10, then forms a clear bullish candle or rejection, that area can be used as an observation zone to look for opportunities to follow the trend. This approach avoids buying directly when the price is close to resistance. For the bearish scenario, main attention is at 156,95. Note. Stop-loss should be placed based on the last swing structure, not just a fixed number. Position size also needs to be adjusted to limit losses. As long as the price holds above that support, the H1 structure is still relatively positiveIf that support is broken and the H1 candle closes strongly below it, selling pressure could take the price to test the 156,50 area, then around 156,05–156,20. The bearish scenario becomes more relevant if the price also starts to move below the red moving average, because that indicates a short-term momentum change. Risk management remains an important part of the strategy. Do not place the stop-loss too close to the entry price because USD/JPY can move quite quickly during active sessions. Stop-loss should be placed based on the last swing structure, not just a fixed number. Position size also needs to be adjusted so that the maximum loss stays within the predetermined risk limits. With the current chart condition, an approach that can be used is to wait for confirmation, not to chase price in the middle of a move. The 157,50–157,60 level serves as the bullish trigger area, while 156,95 becomes an important level to observe for weakness. As long as the price holds above that support, the H1 structure is still relatively positive, but a break of the support can change the short-term structure.
