USDJPYUS Dollar vs. Japanese YenFX:USDJPYHAMED_AZHello Traders! 👋 What are your thoughts on USDJPY? The USD/JPY pair experienced a sharp decline in recent weeks following intervention by Japanese authorities in the FX market, falling from around 164.00 toward 155.20. Since then, the pair has recovered part of its losses and is currently retracing back toward the 160.00 area. From a technical perspective, the recent bullish move appears to be a pullback toward a major resistance zone between 159.60 and 161.00. This area is particularly significant as it combines previous price structure with Fibonacci resistance, including the 0.5 Fibonacci level around 159.60 and the 0.618 level around 160.65. Price is currently testing this resistance zone, and we expect some volatility and consolidation around these levels before a potential bearish rejection develops. As long as USD/JPY fails to establish a valid daily close above 161.00, the bearish scenario remains valid. In this case, we expect the pair to move back toward the 155.00–154.70 area, where previous support coincides with the 0.786 Fibonacci retracement around 154.74, creating an important technical confluence. A break and sustained move below 155.00 could further strengthen the bearish structure and open the way for a deeper decline toward lower levels. Meanwhile, the risk of renewed intervention by Japanese authorities remains an important factor for USD/JPY, particularly as the pair approaches the psychologically and technically significant 160.00 area again. As long as price remains below the 161.00 area, we expect the pair to consolidate and complete its pullback within this zone before facing a bearish rejection and moving toward lower levels. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️