USDJPY Bearish Rejection from Major Resistance | 1H Analysis
USDJPY is testing a major resistance zone after an extended bullish move. Price has struggled to break above the highlighted supply area, indicating that sellers are actively defending this level.
As long as price remains below resistance, the probability favors a bearish pullback toward the marked support levels. A confirmed rejection from this zone would strengthen the downside outlook.
Key Levels:
* 🔴 Resistance: 162.40 – 162.60
* 🟦 1st Support: 161.20
* 🟦 2nd Support: 160.40
* 📉 Bias: Bearish while below resistance.
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