💹 USD/JPY Technical Analysis 📊🔥
🧠 Market Overview

USD/JPY remains under strong bearish pressure after a sharp impulsive sell-off from the 163.99 resistance. The aggressive breakdown confirms that sellers are currently controlling the market structure. Although price has started to recover from the 155.23 support, the rebound still looks corrective rather than a confirmed trend reversal.

📉 Bearish Structure
✅ Strong rejection from the major resistance zone around 163.99.
✅ Massive bearish impulse created a clear Fair Value Gap (FVG).
✅ Market structure remains bearish with lower highs and lower lows.
✅ Buyers are attempting a short-term recovery, but momentum is still limited.
🟦 Key Supply Zone

The highlighted Order Block (162.70–163.10 area) aligns with the upper portion of the FVG, making it a high-probability resistance zone. If price reaches this area, sellers may look for fresh bearish confirmations.

🟩 Bullish Scenario

A pullback into the lower Order Block around 156.60–157.00 followed by strong bullish rejection could provide enough momentum for price to continue filling the FVG.

🎯 Upside Target: 160.80–161.50 (FVG fill)
🎯 Extended Target: 162.70–163.00 (Bearish Order Block)

🔴 Bearish Scenario

If the lower Order Block fails to hold and price closes below it, bearish momentum is likely to resume.

🎯 Downside Target: 155.23 support
⚠️ A break below 155.23 would strengthen the bearish trend and could trigger another impulsive decline.

📌 Key Levels
🔴 Resistance: 163.99
🟪 Major Supply (Order Block): 162.70–163.10
🔵 Fair Value Gap: 160.80–162.50
🟢 Demand (Order Block): 156.60–157.00
⚫ Major Support: 155.23
🚀 Trading Outlook

The overall trend remains bearish, but the current recovery suggests price may continue higher to rebalance the Fair Value Gap before sellers become active again. Watch for price action around the marked Order Blocks for confirmation rather than anticipating a reversal.

⚠️ Disclaimer: This analysis is for educational purposes only and is not financial advice. Always wait for confirmation and apply proper risk management before entering any trade.