USDJPY | Bearish Rising Channel Rejection at Supply ZoneUS Dollar vs. Japanese YenFX:USDJPYTradesWithDexterUSDJPY is approaching a strong supply zone after a steady bullish rally inside a rising channel. Price is showing signs of rejection near channel resistance, increasing the probability of a bearish pullback. The confluence of the ascending channel resistance and the supply zone makes this area attractive for sellers. A confirmed bearish candle below the channel support would strengthen the downside scenario. 📌 Trade Levels Entry: 162.70 – 162.82 Stop Loss: 162.95 Target 1: 162.40 Target 2: 162.00 Final Target: 161.92 Technical Outlook ✅ Price is testing a key Supply Zone. ✅ Rising channel resistance is limiting bullish momentum. ✅ Bearish rejection pattern is forming. ✅ A break below the channel support could accelerate selling pressure. ⚠️ A strong close above 162.95 would invalidate the bearish setup and may signal continuation to the upside. Risk Management: Wait for candle confirmation before entering. Risk only 1–2% of your account on a single trade and avoid entering before major economic news