The USD/JPY currency pair closed trading in the green zone, but the opening of the trading week may trigger a new downward spiral, which, if we look at the chart, is completely within the scope of my analysis. The first part of the decline has already occurred, now there is just a little left to close the gap around 158.02, from where I expect further price growth. The indication on the 4-hour chart shows a trend reversal to the downside, with a modest amount of overbought volumes. No matter how we may plummet at the beginning of the trading week. However, all of this is possible only under one condition: if the price touches 158.95 and settles below it, then the path to the aforementioned targets will open. Therefore, the uptrend is still in place, the FVG zone has closed, and from the current price of 159.65, we may see a reaction to updating local highs - 163.00 and above. Have a great weekend.
