Predicting the Upcoming Movement and Entry Opportunities for the USD/JPY

The USD/JPY pair is moving sideways on the 4-hour timeframe, with strong indications of selling pressure on the same timeframe. This suggests an expected downward move in the short and medium term.

We will now review the most important expected scenarios for the pair's movement on the 4-hour timeframe.

Expected Scenarios

The first scenario is a return to the downward trend after bouncing off the current resistance levels, which represent the upper limit of the sideways movement.

If the downward trend does occur, we expect to see a retest of the demand zones below.

The second scenario is an upward move, but this is contingent on a breakout and close of a full bullish candle above the current resistance levels.

If this breakout and close occur, we expect to see a rise towards the demand zones above the 4-hour timeframe, which are near the $161.36 level.

In any case, please pay close attention to proper money management.