Vladimir Ribakov analyzes USD/JPY on the four-hour chart, identifying a major resistance zone. A break above it could push the pair to 150, but if it holds, price faces rejection. MACD shows a bearish divergence, suggesting downside pressure ahead.
Dollar yen. So take a look, what do we have here? If we go to the four-hour chart, we can see we have a major resistance and supply zone here on the dollar yen. If this level is broken, there is nothing that prevents it to climb higher towards the like 150-ish. So let's assume this supply area does reject at the moment. We also have the weekly resistance zone and last week and 2 weeks ago resistance levels of the pivots. Uh, we are building a bearish divergence on the moving average of the MACD. So I believe as long as the zone holds, we could see here price rejection from candles that make higher highs to candles to make lower highs, bearish candles, and we should see the dollar yen start pushing down
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