Lingrid | USDJPY Possible Bounce After Resistance Test
FX:USDJPY may be losing upside traction after pressing into a layered resistance zone where prior advances previously stalled. The recent push higher appears stretched, and price behavior near the upper boundary hints at exhaustion. Instead of acceptance above resistance, the market could be showing early signs of distribution.
If sellers continue to defend the 154.57 region, price might roll over toward the 153.08 area, where trend support and prior reactions converge. That zone could act as a natural magnet if downside momentum begins to expand from current levels.
➡️ Primary scenario: rejection from 154.57 → pullback toward 153.08.
⚠️ Risk scenario: sustained acceptance above 155.30 could weaken the bearish thesis and allow further upside exploration.
If this idea resonates with you or you have your own opinion, traders, hit the comments. I’m excited to read your thoughts!