Selena | USDJPY – 4H – Bullish Structure Testing Supply ZoneUS Dollar/Japanese YenFX:USDJPYGold-Thoughts-by-SelenaUSDJPY Structure | Trend | Key Reaction Zones USDJPY remains inside a well-defined ascending channel, maintaining higher highs and higher lows. Price recently rejected from the 157.50 supply zone while respecting mid-channel structure. The 155.20–155.60 area acts as a strong holding demand aligned with channel support. Market Overview After a sharp liquidity sweep below 153.00 (manipulation phase), price aggressively reversed, confirming accumulation. The bullish impulse pushed price back into the 157.50 rejection zone where sellers previously stepped in. Current price action suggests compression beneath supply, indicating potential breakout attempt toward buy-side liquidity above 159.40. However, failure to hold 155.00 would shift short-term structure toward deeper correction inside the channel. Key Scenarios ✅ Bullish Case 🚀 → 🎯 Target 1: 158.50 🎯 Target 2: 159.45 (Previous High) 🎯 Target 3: 160.00 psychological liquidity ❌ Bearish Case 📉 → 🎯 Downside Target 1: 155.20 🎯 Downside Target 2: 152.00 strong support Current Levels to Watch Resistance 🔴: 157.50 – 158.00 Support 🟢: 155.20 – 155.60 ⚠️ Disclaimer: For educational purposes only. Not financial advice.