Hello traders, USDJPY
Sunday's technical analysis of the pair on the 4-hour chart. Here, the price is testing the double top level at 159.60. This level may be broken upwards, where the price may finally reach the TF maximum, and then it should reverse back down. The price will test a large red zone. The price may fully test it. At the bottom, there are reference points for the price - support levels MA - the blue line at 157.55, the red line at 156.15, the black line at 154.30, and the double bottom level at 152.10.
