On the H4 chart of USDJPY the recent price action has capped a two‑week rally that lifted the pair from the 160.20 region to a fresh high above 161.80. The last three candles (161.712‑161.773, 161.765‑161.897, 161.798‑161.947) show a narrowing upper wick and a modest pull‑back to 161.77‑161.79, while volume has fallen from the peak of 23,995 during the breakout to around 8‑12k, indicating waning buying enthusiasm. Technical resistance now sits near the 161.80‑161.85 cluster, which also aligns with the prior swing high. A break below the 161.70‑161.75 support zone would open the path toward the 160.90 Our signal data Pair…

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