USD/JPY – H4USD/JPYOANDA:USDJPYElroubyTechnical Analysis Summary (USD/JPY – H4) • The chart shows a bearish harmonic pattern completing at point D, with Fibonacci ratios lining up in a way that typically signals exhaustion of the bullish leg. • After an extended rally, price has reached the completion zone of the pattern, where sellers usually begin to appear. • A large red arrow on the chart highlights the expected downside move, projecting a potential reversal toward the 155.80 area — a previously tested support zone. • The structure includes: ◦ A strong XA leg ◦ A corrective AB retracement ◦ A deeper BC extension ◦ A final CD leg completing near the harmonic PRZ (Potential Reversal Zone) • Multiple confluences (Fibonacci ratios + structure + pattern completion) strengthen the bearish case. --- 🔥 Critical Added Insight Price is currently sitting at the highest top ever reached on USD/JPY, which naturally acts as a major resistance level. This adds significant weight to the bearish reversal scenario, because: • All‑time highs often trigger profit‑taking • Liquidity pools above previous highs get swept, then price reverses • Harmonic completion + all‑time‑high resistance = high‑probability turning point