USDJPY | FOREX | YEN 4H Outlook, Bull or Bear?US Dollar/Japanese YenFX:USDJPYXAUNOWPrice followed the plan almost perfectly. After the previous analysis, the pair pushed higher and reached the top of our ascending channel around 158, where we expected a reaction. From that area, price showed clear rejection and started to pull back. Right now USDJPY is trading around 157.10. The key level to watch is 157. If price breaks and stabilizes below 157, the downside scenario drawn in our original schematic could start playing out, opening the door for a deeper corrective move. Until that confirmation happens, the market may still fluctuate around current levels. Watch how price reacts at each level. If you have any questions, drop them below. I’m here to guide you.