USD/JPY Bearish Retracement Toward Key Support Zone

Jun 12

USD/JPY remains in a broader uptrend, but recent price action suggests a short-term bearish retracement may be developing. After reaching resistance near **160.60**, the pair faced strong selling pressure and produced a sharp rejection, indicating that buyers may be losing momentum.

The recovery bounce has struggled to reclaim recent highs, while price remains vulnerable to a pullback toward the highlighted support area. If sellers maintain control below the current resistance zone, a move lower could target the key support level around **159.86**.

🎯 **Target:** **159.86**
📉 **Bias:** Short-Term Bearish Retracement
⚠️ **Invalidation:** A sustained breakout above **160.40–160.60** would weaken the bearish scenario and favor continuation of the broader uptrend.

*Watch for confirmation from price action before entering trades and always apply proper risk management.*

Jun 12

Trade active

Active

Jun 13

Trade closed: target reached

target almost achieved