USDJPY - TOP NOW FOR BREAKUS Dollar vs Japanese YenPEPPERSTONE:USDJPYUmlingoThis is a scenario where we consider a top has been placed in this pair at 160.46 in the week of the 30th March 2026. Channel - It is apparent price has moved in a large channel from Jan 24 , that spans 140 - 160. Trendlines - A gradient of support can be established for each wave up, the current being the flatter of the three. On the first wave the break of support took 3 weeks. On the second wave it had taken 4 weeks. With the current wave, it is likely to be 5-6 weeks. With this, trendline support will break in May 2026. Moving Averages Plotted are the 8wk, 26wk, 52 wk simple moving averages. We can see the 8mav acting as support over the last 6 weeks. Note how this is slowing curving and looking to bend down. It is the weekly break of this average that will be the early signal for the markdown. Momentum Indicators Both MACD and RSI have contracted, reflecting the reduced momentum that has been associated with the recent sideways market. The bearish divergence of price and momentum is noted on both. Volume For this pair, it seems the highest volume prints near the lows of 140, the most notable is the High Volume Magnet of August 2024. From there, price rises on essentially average to below average volume. The next low in this pair will be flagged with markedly high volume. For now, the bias is bearish. When price is near 160, this pair may offer a good price point for the short. And a breakdown is expected in May , with a potential target closer to 140 realized in late 2026.