21 Aug USDJPY outlook: Key levels to watchU.S. Dollar / Japanese YenFOREXCOM:USDJPYChartingGenieUSDJPY remains in a broader bullish structure, with price holding above the ascending trendline after the sharp sell-off from the recent highs. The pair has since stabilised within the 156.67–157.69 demand zone, keeping the broader uptrend intact. The immediate focus is on the 159.781 resistance zone, where a decisive break above this level would strengthen bullish momentum and potentially open the way for a retest of the next resistance at around 160.987. Conversely, a break below 156.67 would weaken the current bullish structure and could expose the price to further downside pressure. A sustained move below the trendline would provide stronger confirmation of a deeper correction toward the following support at 155.033. Overall, the technical outlook remains cautiously bullish, with price holding above the ascending trendline and the 156.67–157.69 demand zone. The reaction around this zone will be key in determining whether USDJPY resumes its broader uptrend or faces another pullback. By Li Xing Gan, Financial Markets Strategist Consultant to Exness