USD/JPY - Bearish Flag Pattern (16.04.2026)US Dollar/Japanese YenFX:USDJPYKABHI_TA_TRADINGSetup Overview $FX:USDJPY USDJPY is currently showing a bearish flag pattern on the 1H timeframe, developing after a sharp impulsive move lower. Price has been consolidating inside an upward-sloping channel, which often signals a temporary pause before continuation to the downside. The structure remains bearish as long as price stays capped below the upper trendline and cloud resistance. A confirmed break below the lower boundary of the flag could open the door for another leg down. This setup suggests that sellers may still be in control, especially if momentum increases near the breakdown zone. Resistance Zone: The immediate resistance sits around the upper flag boundary and the nearby cloud resistance area. If price pushes higher, this region will be important to watch for rejection. Support Levels: 1st Support: 158.43 2nd Support: 158.15 A clean move below the current flag support may lead price toward the first support at 158.43, and if bearish pressure continues, the next downside target could be 158.15. Disclaimer This analysis is for educational purposes only and does not constitute financial advice. Always wait for confirmation, manage your risk properly, and use your own trading plan before entering any trade. #USDJPY #Forex #TradingView #PriceAction #BearishFlag #TechnicalAnalysis #ForexTrading #JPY #USD #IntradayTrading #SmartMoney #SupportAndResistance Call to Support If you found this setup helpful, don’t forget to like, comment, and share your view on USDJPY 🙌📊 Your support keeps the analysis coming 🔥 If you want, I can also turn this into a shorter, more viral TradingView caption style version.