USDJPY Price Analysis — March 10–12, 2026: Liquidity Sweep Near Resistance Signals Key Structural Test on 1-Hour Chart

The USD/JPY currency pair recently displayed notable price interaction around a previously respected resistance area on the 1-hour timeframe.

Price briefly moved above a structural high before quickly rotating lower, suggesting that liquidity resting above the level may have been triggered. Such behavior is common in foreign exchange markets where price temporarily breaches technical levels before revealing the next directional phase.

The current structure provides a useful educational example of how liquidity sweeps, resistance zones, and lower-timeframe momentum shifts can interact within a short-term market environment.

Within the visible structure on the 1-hour chart, price approached a previously reactive level that had rejected advances multiple times in the past.

Several technical characteristics stand out:

These developments indicate that the market tested liquidity above resistance before reacting lower.

After the liquidity sweep occurred, the market began showing early signs of structural weakness.

On the 5-minute timeframe, price printed a downside change of character (ChoCh), which is commonly interpreted as an early signal that short-term momentum may be shifting.

Lower timeframe structural shifts often occur when markets transition between phases such as:

In this case, the structural change followed directly after the sweep above resistance, making the sequence technically noteworthy.

The chart highlights three structural regions that help explain the market behavior.

The upper highlighted region represents the structural ceiling of the analyzed setup.

This area sits above:

In technical analysis, such zones often act as structural invalidation boundaries. Sustained price acceptance above this region could suggest that the earlier downside reaction lacked follow-through.

The mid-level highlighted area represents a reaction zone located inside the order block and near the high-volume level.

This region becomes technically relevant because it combines several elements:

Markets frequently reassess direction in areas where multiple technical factors converge.

The lower highlighted region represents a downside reference zone where price previously showed reaction.

This area corresponds with:

If price continues rotating lower, such zones often become areas where the market pauses, reacts, or consolidates before the next move develops.

Because financial markets are probabilistic, several outcomes remain possible from the current structure.

If the resistance structure around 157.95–158.00 continues to hold, price could maintain downward rotation toward nearby structural support zones.

This scenario would remain consistent with:

If the market establishes sustained acceptance above the upper structural boundary, the previous rejection may prove temporary.

Such behavior could indicate that the earlier sweep functioned as a liquidity collection before further upside exploration.

Markets often pause after liquidity sweeps.

In this case, USD/JPY may temporarily develop a consolidation range between the resistance region and lower support levels before a clearer directional move emerges.

Range development frequently precedes stronger directional expansion.

Several technical factors may help clarify the next phase of the market:

Monitoring how price behaves around these areas can provide valuable insight into the evolving structure.

This chart demonstrates a common market behavior:

Liquidity sweeps near major resistance zones often occur before momentum shifts become visible.

For educational purposes, traders can observe how:

Understanding these dynamics can help improve market structure interpretation regardless of the eventual outcome.