USDJPY

Highlighted Previous Week's Highs and Lows:

I've marked the highest and lowest points of the previous week on the chart with horizontal lines labeled as "WEEKLY HIGH" and "WEEKLY LOW."
Key Psychological Zone:

The weekly low falls into our psychological zone, indicating a critical area where price action may be closely monitored for potential reversals or significant market moves.
No Weekly Confirmation:

There has been no weekly confirmation, meaning the recent price movements have not established a clear trend on the weekly timeframe.
This setup highlights the importance of the psychological zone in the analysis and the current lack of a confirmed weekly trend, suggesting a cautious approach to trading decisions.