USDJPY | Exhaustion Into Resistance, Watching For Retracement

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#USD/JPY# USDJPY | Exhaustion Into Resistance, Watching For Retracement

USDJPY has printed an aggressive bullish expansion into a higher-timeframe resistance area, but price is now approaching a zone where upside momentum may begin to fade.

The highlighted entry zone represents an area where sellers could become active following the recent impulsive move. A rejection from this region may trigger a corrective decline back into previous support levels.

Rather than chasing the rally, I'm monitoring price action for bearish confirmation within the marked supply area before considering any downside continuation.

🎯 Bearish Targets
✅ Target 1: 158.531
✅ Target 2: 158.342
✅ Target 3: 158.003

📌 Key Observation
🔹 Price has expanded significantly away from equilibrium.
🔹 Resistance zone remains overhead.
🔹 A rejection could open the door for a retracement into lower liquidity levels.

Note: This is an educational market view based on current structure and resistance reaction. Always wait for confirmation and manage risk appropriately.

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