USDJPY | 15M Bearish Rejection From Resistance

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USDJPY | 15M Bearish Rejection From ResistanceUSD/JPYOANDA:USDJPYAurum_ForexUSDJPY remains within a broader bullish structure, but price has recently shown signs of exhaustion after tapping a major resistance zone near 157.70 - 157.75. The marked blue area represents a key intraday supply zone where price has repeatedly struggled to maintain acceptance. Following the rejection highlighted on the chart, sellers are attempting to regain short-term control. The bearish scenario remains valid while price stays below the resistance region. A continuation lower could bring price back toward the marked support zones. 🎯 Target 1: 157.28 🎯 Target 2: 156.98 🎯 Target 3: 156.65 ❌ Invalidation: Sustained bullish acceptance above 157.75 Reasons Behind The Setup: ✅ Rejection from higher resistance ✅ Loss of bullish momentum near highs ✅ Failed breakout attempt ✅ Potential return toward support structure This analysis reflects a market scenario based on current price action and market structure. Risk management always comes first.