USDJPY: One Level Could Decide the Next Major MoveU.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYzarixschoolThe weekly chart still has room to push higher, so the broader upside scenario remains intact. But on the daily chart, the current correction has not confirmed an end yet. Here’s the setup: 🔹 Above 158.8320: A break of this high would signal that the daily correction is complete and support the start of a new bullish wave. From there, 160.820 becomes the next major area to watch. 🔹 Below 158.8320: If price fails to take out that high, the correction could extend. In that scenario, I’ll be watching 156.1705, 155.490, and potentially the deeper support zone around 154.648–154.406. So the bigger picture is fairly straightforward: Weekly: room for more upside. Daily: confirmation still needed. I’m not treating the current rebound as a confirmed bullish continuation until USDJPY clears 158.8320. That break—or failure to break—is what could define the next leg. Full analysis: https://zarixschool.com/usdjpy-technical-analysis-october-4-2026/ #USDJPY #Forex #TechnicalAnalysis #PriceAction #USD #JPY