USDJPY has reached a critical resistance level

USDJPY has reached a critical resistance level, drawing out liquidity, and the price is testing the uptrend line. %R has moved out of the overbought zone, suggesting a potential decline.

🔼 Consolidation above 157.900 will open the way to 159.000;

🔽 A break below the lower trend line at 157.700 will send USDJPY down to 157.000 and 156.600.