USDJPY Intraday Signal: Rejection Near 159.00 Resistance
Analysis:
USDJPY on the 1-hour timeframe has been trending upward in the short term after forming a strong low near 156.50, followed by a sequence of higher highs and higher lows. This bullish structure pushed the pair toward the 158.80–159.00 liquidity area, where the market is currently facing resistance.
The chart shows a weak high forming around 158.90, suggesting that buyers may be losing momentum near this resistance zone. After the strong upward impulse, the market often retraces toward the nearest demand zones, especially when liquidity above the highs has already been taken.
If price fails to break and hold above 159.00, the probability increases for a corrective pullback. The first liquidity pool sits near 157.60, which aligns with the nearest demand zone, while a deeper correction could extend toward 156.50, the previous strong low that initiated the latest bullish leg.
Trade Setup:
Enter: Sell below 158.20
Stop-Loss (SL): 159.20
Target A: 157.60
Target B: 156.50
