USDJPY H1: Why 162.450 Is the Only Level That MattersUSD/JPYOANDA:USDJPYProjectSyndicate▪️ USDJPY H1 SNAPSHOT — EXECUTIVE SUMMARY ▪️ the yen keeps bumping its head near 162.414, unable to clear the supply that caps it. Each rally into resistance is being sold. ▪️ Primary outlook is bullish — 162.450 is the ceiling that has to break. Dip buyers will get paid. ▪️ Key resistance zone: 162.450, leaned on 18 times — a proven seller shelf. There is little labelled supply above it, so a break runs into open air. ▪️ Major support beneath: 162.270 — a moderate level at 19 retests, the floor that must hold to keep the base intact. ▪️ Primary downside targets: 161.870, then 161.630, where buyers previously stepped in. ▪️ Major liquidity magnet below: 161.630–161.280 — a flush into this pocket often marks the low. ▪️ Bullish scenario: If buyers reclaim and hold above 162.450, the path opens toward 162.450 as the primary upside objective. ▪️ KEY LEVELS ▪️ Current Price: 162.414 RESISTANCEs ▪️ 162.450 — ★★★ 7.8 Strong · 18 retests SUPPORTs ▪️ 162.270 — ★★ 6.2 Moderate · 19 retests ▪️ 161.870 — ★★★★ 8.6 Very Strong · 15 retests ▪️ 161.630 — ★★★ 7.3 Strong · 7 retests ▪️ 161.280 — ★★★ 7.2 Strong · 8 retests ▪️ ProjectSyndicate Levels Desk — Overview of key S/R zones for FX, metals, indices, NVDA, NQ, ES & GC traders every week. Subscribe to stay up to date with the latest levels.