USDJPY — Weekly Bullish, But Don’t Chase the MoveU.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYzarixschoolUSDJPY is setting up an interesting multi-timeframe scenario. On the weekly chart, the recent decline is increasingly looking corrective rather than the start of a larger bearish leg. That keeps the broader upside scenario active over the next **2–3 weeks**, with 160.08–160.82 as the key area I’m watching. A continuation above this zone is also possible if weekly momentum holds. But there’s one important catch: The daily chart may need a deeper pullback first. The latest daily advance could retrace roughly 60–70% before the next bullish leg develops. That means I’m not interested in chasing price higher here. **My preferred scenario:** Weekly structure stays bullish → daily correction develops → buyers return from lower levels → USDJPY makes another attempt toward 160.08–160.82. Key levels on my chart: 🔹 157.43 — near-term reference 🔹 155.45 — first important support 🔹 154.40 — deeper correction level 🔹 153.67 — major lower support 🎯 160.08–160.82 — upside objective zone The bigger picture remains constructive, but the pullback may be the part that creates the better setup. This is a scenario-based analysis, not a prediction of a straight-line move.