USD JPY Forecast The USD/JPY pair on the H4 timeframe is currently showing a steady recovery after facing strong selling pressure earlier. The chart clearly shows that price dropped sharply from the 159.90–160.00 zone, where sellers were very active. This created a strong bearish move, pushing the price down toward the 158.40–158.60 support area. At this level, buyers stepped in and defended the price well, forming a solid base. After finding support, the market started to recover with strong bullish candles. This upward move indicates that buyers have regained some control. The price climbed back toward the 159.60–159.80 area, which is now acting as a key resistance zone. Currently, the market is trading just below this resistance, showing signs of hesitation. Looking at the moving average (red line), the price has crossed above it, which is a positive signal. This suggests that short-term momentum is turning bullish. However, the price is still struggling to break and stay above the 159.80 level. A strong breakout above this zone could push the price toward the 160.00 psychological level again. On the other hand, if the price fails to break this resistance, we may see another pullback. In that case, the 159.40–159.20 area could act as immediate support, followed by the stronger 158.60 zone. The RSI indicator is currently around 59, which shows moderate bullish momentum. It is not in the overbought zone yet, meaning there is still room for the price to move higher. However, the RSI is also showing some sideways movement, which reflects the current consolidation in price. In conclusion, USD/JPY is in a short-term bullish phase but facing strong resistance. Traders should watch for a clear breakout or rejection at the 159.80 level before making any strong trading decisions.
