USDJPY REJECTION AT DOUBLE TOP | Bearish Reversal Setup

  • June 22, 2026
  • Posted by: EWGFX
  • Category: Technical analysis
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USDJPY REJECTION AT DOUBLE TOP | Bearish Reversal Setup

USDJPY is showing strong bearish rejection on the 1-hour timeframe after forming a double top pattern near key resistance. The price has failed to sustain above the 161.668 level, confirming sellers are defending this zone. If bearish momentum continues, the pair is likely to extend toward the projected downside targets in the coming sessions.

· 1st Downside Target : (level from chart)
· 2nd Downside Target : (level from chart)
· Resistance Zone : 161.668 – 162.000

Live Headlines

· Dollar Reverses Lower Against Yen – USDJPY pulls back from resistance as profit-taking emerges ahead of key economic data.

Disclaimer : This analysis is for educational purposes only