JPY Futures: Bulls vs. Bears at 0.00717 – Weekly Decision Zone

Japanese Yen Futures – Weekly Chart Analysis

The Japanese Yen has been climbing steadily after bouncing from a strong demand zone near 0.0062–0.0063, an area where buyers stepped in hard after months of selling. This bounce has created a solid uptrend, breaking previous highs and showing strong bullish momentum.
Right now, price is approaching a key resistance area where sellers took control in the past. This zone has already rejected price once, so we should be watching closely to see if it happens again.

Current Momentum showed us...........
-Strong buying from the demand zone
-Near break above recent highs
-Buyers in control short term

What to Watch Now is............
-Price is near a major supply zone (0.00717) this is where heavy selling occurred before, and sellers may show up again.
-If we see signs of rejection (like long wicks or a sharp drop), we might get a nice pullback
-f price breaks above 0.00717, that would be a strong bullish signal, possibly leading to more upside.

In short
-Short-term trend is Bullish
-Near-term risk possible reversal at resistance
-Trade idea is towait for price reaction at this key level. If rejection shows, short setups could form. If it breaks cleanly, bulls are still in control.