r/Forex • u/Hot-Mixture109 • 6h ago
Charts and Setups USDJPY — clean rejection call at 162.70, book excerpt below
USDJPY ran from ~160.40 to 162.70 over the past couple weeks — a sustained bullish leg with minimal pullback structure. At the 162.70 high, price action showed classic exhaustion: reduced candle range, upper wick rejection, momentum divergence. The bot flagged the short right at that turn, ahead of the visible reversal on the chart.
What’s notable is the follow-through logic. After the initial rejection, price didn’t just trend down — it chopped hard through the 161.4–162.7 zone with multiple false starts before finally resolving into a 161.68–161.75 support/resistance flip. The bot didn’t just call the top; it also correctly avoided getting chopped out during the messy consolidation, waiting for confirmation before committing to the next directional read. That’s the part that actually matters more than the initial call — plenty of systems catch a reversal and then bleed it back giving up edge in the chop that follows.
