USDJPY Weekly Bearish Setup – Rejection From Major Resistance
USDJPY experienced a strong rejection after sweeping liquidity above the 163.00–164.00 area. Price has now dropped back below the major weekly resistance zone around 158.90–160.70, showing that sellers are regaining control.
The current bearish move may continue if price remains below 158.90 and breaks the weekly EMA/support area near 156.70–156.80.
Bearish targets:
TP1: 155.35
TP2: 152.60
TP3: 151.20
A pullback toward 158.00–158.90 followed by bearish rejection could provide another selling opportunity.
Invalidation: A strong weekly close above 160.70 would weaken the bearish outlook and could open the way for another move toward 163.00–164.00.
Bias: Bearish below 158.90
Main target: 155.35
This analysis is for educational purposes only. Wait for confirmation and always use proper risk management.
USDJPY experienced a strong rejection after sweeping liquidity above the 163.00–164.00 area. Price has now dropped back below the major weekly resistance zone around 158.90–160.70, showing that sellers are regaining control.
The current bearish move may continue if price remains below 158.90 and breaks the weekly EMA/support area near 156.70–156.80.
Bearish targets:
TP1: 155.35
TP2: 152.60
TP3: 151.20
A pullback toward 158.00–158.90 followed by bearish rejection could provide another selling opportunity.
Invalidation: A strong weekly close above 160.70 would weaken the bearish outlook and could open the way for another move toward 163.00–164.00.
Bias: Bearish below 158.90
Main target: 155.35
This analysis is for educational purposes only. Wait for confirmation and always use proper risk management.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.