USD/JPY Bearish Rejection Setup US Dollar vs. Japanese YenFX:USDJPYMarketStrategysignals💹 USD/JPY Bearish Rejection Setup 📉🐻 🔍 Market Overview USD/JPY remains inside a strong ascending channel, maintaining its broader bullish structure. However, price has now reached a significant resistance zone near 162.84, where buyers are showing signs of exhaustion. 📊 Technical Analysis ✅ Strong bullish trend respected the channel for several sessions. ✅ Price tested the channel upper boundary and key resistance (162.84). ✅ A bearish rejection candle has formed, indicating selling pressure. ✅ Potential liquidity sweep above recent highs before a downside correction. 🎯 Bearish Scenario 📍 Entry Zone: Current resistance area (162.70–162.84) 🛑 Invalidation: Sustained breakout above 162.84 🎯 Target 1: 162.00 🎯 Target 2: 161.70 🎯 Target 3: 161.55 (Order Block / Demand Zone) ⚠️ Key Insight While the overall trend remains bullish, the chart suggests a short-term bearish pullback toward the highlighted order block before any potential continuation higher. 🐻 Bias: Short-Term Bearish Correction 📉 Expected Move: Resistance Rejection ➝ Order Block Retest ➝ Watch for Reaction 🔥