USDJPY at Major Weekly Resistance – Reversal Incoming?

Wait 5 sec.

USDJPY at Major Weekly Resistance – Reversal Incoming?USD/JPYOANDA:USDJPYSmart_money_FxUSDJPY has reached a significant weekly resistance zone after an extended bullish rally. Price is now trading near a key liquidity area where smart money could begin taking profits, increasing the probability of a bearish reaction. The current market structure suggests a potential liquidity sweep above recent highs before a larger correction unfolds. A rejection from this resistance zone could trigger a shift in momentum and drive price toward lower liquidity levels. 📍 Key Zone: Weekly Resistance (160.50 – 163.00) ⚠️ Bearish Scenario: Rejection from resistance and market structure shift 🎯 Targets: 156.00 → 152.00 → 148.00 ✅ Bullish Invalidation: Strong weekly close above resistance Patience is key. Watch for confirmation before entering as price approaches this major smart money level.