DeGRAM | USDJPY is under the resistance areaUSD/JPYOANDA:USDJPYDeGRAM📊 TECHNICAL ANALYSIS ● The pair has been trading inside a rising channel, with the upper resistance line around 155.00-155.50 and a rising support line near 153.50-154.00, as shown on the chart. A clear rejection from the resistance zone (marked by red arrows) suggests waning bullish momentum. ● A break below the rising support line and the horizontal 154.35 area would invalidate the up-trend and open risk for a pull-back toward 152.95 or even 151.90, with the support zone around 153.66 being an interim target. Wave structure implies we may be witnessing wave 5 exhaustion within the channel. 💡 FUNDAMENTAL ANALYSIS ● Japan’s economy shrank by 1.8 % annualised in Q3, marking the first contraction in six quarters, weakening expectations for a Bank of Japan rate hike and pressuring the yen. ● At the same time, the Federal Reserve looks less likely to cut rates in December, supporting the U.S. dollar and keeping USD/JPY elevated. ✨ SUMMARY ● Bearish thesis: Short bias into the 155.00-155.50 resistance zone. ● Key technical trigger: Break and close below ~154.35 & support line. ● Initial targets: 153.66 → 152.95 → 151.90. ● Fundamental bias: Yen weakness + dollar strength = downside risks mitigated only if technical support holds. ------------------- Share your opinion in the comments and support the idea with a like. Thanks for your support!