USDJPY at key resistance — breakout or rejection?USD/JPYOANDA:USDJPYwavemaster_USDJPY is currently sitting at a key resistance area on the higher timeframe, with no confirmed breakout yet. This makes the current structure especially important, as the next move will likely define direction. Higher Timeframe (2D): Price is testing previous highs but failing to break cleanly above. At this stage, the market is undecided → allowing for both continuation and rejection scenarios. Lower Timeframe (8H): The structure has developed into two clear possibilities: 🔻 Scenario 1 – Bearish (primary reaction at resistance) If price fails to hold current levels, we could see a rejection from resistance → leading to a move lower. This would align with the idea of a completed structure and potential downside continuation. 🔺 Scenario 2 – Bullish (triangle continuation) Alternatively, price may be forming a triangle (ABCDE), indicating consolidation before continuation. 👉 Break above 159.861 would act as confirmation for the bullish scenario. 🛑 Invalidation: 157.597 Key idea: The best trades don’t come from predicting direction — they come from identifying where the market has to decide. This is one of those areas. Whichever side breaks first is likely to drive the next move.