#CurrencyPairPrediction Identifying Major Highs and Lows in USD/JPY: Major highs and lows in the USD/JPY currency pair represent key turning points where price reverses its direction. Traders identify them by: Price Action: Looking for strong rejection patterns (e.g., pin bars, engulfing candles) near historical levels. Support and Resistance: Recognizing areas where price has reversed multiple times in the past. Technical Indicators: Using tools like Moving Averages, RSI divergence, and Fibonacci retracement to spot overextended moves. Higher Timeframes: Analyzing daily, weekly, or monthly charts to filter out minor fluctuations and focus on significant swings. Volume and Market Context: Watching trading volume and fundamental factors (like Bank of Japan or Federal Reserve policies) that often drive major shifts. Confirming highs and lows helps in setting better entries, exits, and risk management in trading strategies.