USDJPY Outlook – Bearish Reversal Setup in PlayUSD/JPYOANDA:USDJPYThe-ultimate-traderUSDJPY is currently trading around 147.423, sitting inside or just beneath a 4H supply zone / order block, which has historically acted as a strong resistance area. From this level, I anticipate a bearish drop down to the 145.147 region as the first leg of correction. After reaching that zone, price could retrace slightly upward toward 145.727 — possibly reacting to an internal OB or FVG — before continuing its bearish move down to 143.804, which may serve as a deeper liquidity zone or demand area. > 🔽 Initial drop target: 145.147 > 🔼 Expected minor retracement: 145.727 > 🔽 Final bearish target: 143.804 > 📍 Current price: 147.423 Confirmation setups like M patterns, bearish engulfing candles, or BOS with imbalance fills around these levels will strengthen the setup. Patience is key, especially when price sits at major OB zones. 📌 Risk Management Note: This analysis is **not financial advice. Always trade with risk control and proper confirmation: ✔️ Risk only 1–2% per position ✔️ Use at least 1:2 RR setups ✔️ Always wait for clear price action confirmation ✔️ Never trade emotionally — let the setup come to you