USDJPY Daily: Bearish Harmonic PatternUS Dollar vs Japanese YenPEPPERSTONE:USDJPYsunya📌 Executive Summary The USDJPY daily chart displays a highly symmetric bearish harmonic pattern structure. Following a strong rejection from psychological resistance levels near 160.50, price action has transitioned into a corrective phase. A secondary lower peak has formed, validating the harmonic framework, and the pair is now heavily weighted toward a systematic correction into the major target liquidity zone located to the South. 🔍 Key Technical Structural Breakdown 1. Harmonic Pattern Geometry The Initial Drive: The sequence originates from the major swing low established in February 2026 (sub-152.50), expanding upward into an aggressive multi-week bullish trend. The Apex (Major Peak): The primary structural top capped out just under the 161.00 handle in early May, facing intense supply. The Mid-Point Retracement: A sharp drop into the mid-155s formed the central anchor of the pattern. The Right Wing: A lower-high recovery completed the right wing near 159.50 in late May. Price has now broken cleanly below this minor structure, confirming the downward leg is active. 2. Immediate Resistance Ceilings Critical Resistance Cluster: 160.50 (Upper Blue Level is a major institutional supply level) and 160.20 (Red Level is a major structural pivot and immediate defensive ceiling). Current Action: The daily candle is trading at 159.260 (down -0.16% on the session), struggling directly below the local blue horizontal cluster (159.328, 158.928, 158.728, and 158.528). This failure to reclaim 159.328 signals that distribution is actively underway. 🎯 Step-by-Step Downside Targets Use these explicit horizontal support lines as your step-by-step take-profit (TP) levels as the price drops toward the final target box: Step 1 (Immediate Support): 157.892 — Prior structural congestion point. Step 2 (Intermediary Target): 157.351 — Confluence zone within the inner wings of the pattern. Step 3 (Mid-Range Pivot): 156.799 — Mid-range psychological level. Step 4 (Major Inflection Node): 156.385 — High-volume historical structural shelf. Step 5 (Final Gatekeeper): 156.014 — The last support level before major expansion. Ultimate Objective: 154.100 to 153.700 — The "South" Target Zone (Green shaded box). 🛠️ Step-by-Step Trade Execution Plan This plan is built so that anyone can easily input the parameters into a trading terminal: Entry Zone (Where to sell): Look for short positions on intra-day pullbacks into the 159.30 – 159.50 region, or on a clean daily close below 158.928. Invalidation / Stop Loss (When the trade is wrong): A daily candle closing completely above 160.20 invalidates the bearish harmonic structure. For a safer, conservative trade, the hard stop belongs just above 160.50. Take Profit Strategy: Do not try to hold for the final target all at once. Scale out of the position by securing partial profits at Step 1 (157.892) and Step 3 (156.799), trailing your stop loss to break-even once Step 1 is cleared. Leave a runner to capture the ultimate move into the South Zone (154.00). What are your thoughts on this USDJPY harmonic setup? Are you looking for a deeper retracement, or do you expect buyers to step in early? Let me know in the comments below! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always manage your risk appropriately.