USDJPY at Critical Resistance – Major Sell-Off Ahead?

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USDJPY at Critical Resistance – Major Sell-Off Ahead?USD/JPYOANDA:USDJPYSM_Fx7USD/JPY is testing a significant daily resistance zone after an extended bullish rally. The highlighted supply area could attract selling pressure, making this a key region to watch for a potential reversal. If price forms a confirmed bearish rejection, the pair may begin a deeper correction toward lower support levels. However, a daily close above the resistance zone would invalidate the bearish scenario and signal continued bullish momentum. Key Levels: * 🔹 Resistance: 162.30 – 162.90 * 🎯 Bearish Target: 156.00 * ❌ Invalidation: Daily close above 163.00 Trading Plan: Wait for a clear bearish confirmation before considering short positions. Manage risk carefully and avoid entering trades without confirmation. Disclaimer: This analysis is for educational purposes only and is not financial advice.