USDJPYU.S. Dollar / Japanese YenFOREXCOM:USDJPYHAMED_AZHello Traders! 👋 What are your thoughts on USDJPY? Following intervention by the Bank of Japan, USD/JPY experienced a sharp decline from around 164.00 to 155.00, breaking below both the ascending trendline and the key 160.00 support zone. Price is currently in the process of completing a pullback toward the broken support area, which could now act as resistance. We expect the pullback to face selling pressure around the 159.60–160.70 resistance zone. If price is rejected from this area, the bearish structure would remain intact, increasing the probability of another decline toward lower levels. A rejection from the broken 160.00 area could trigger the next leg lower, with 157.00 and 155.00 as potential downside levels. The key level to watch remains the 160.00–160.70 zone. A decisive daily close above this area would weaken the bearish setup. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️