USDJPY | Retest of Resistance After Parabolic Rally

Wait 5 sec.

USDJPY | Retest of Resistance After Parabolic RallyUSD/JPYOANDA:USDJPYAurum_ForexUSDJPY has delivered a strong bullish move from the lower demand area into a significant resistance zone near 157.60. After reaching fresh intraday highs, price is now revisiting a previous breakout area around 157.38-157.45, which may act as a decision point for the next move. The current structure suggests fading bullish momentum while price remains beneath the upper resistance band. The idea is based on potential rejection from the highlighted supply zone combined with the possibility of a lower-high formation after the recent impulsive rally. 🎯 Targets ✅ Target 1: 157.130 ✅ Target 2: 156.932 ✅ Target 3: 156.600 🛑 Invalidation Above 157.620 📌 Key Notes: • Resistance remains active around 157.55-157.62 • Failure to reclaim higher highs may attract sellers • A breakdown below intraday support could accelerate downside momentum toward the marked objectives This analysis represents a market view based on price action and risk management remains essential. Note: Educational purpose only.