USD/JPY The market is pushing upward toward the local "Weak High"… — Crude Oil OPEC Signals — TG.ME

USD/JPY The market is pushing upward toward the local "Weak High" resistance line (159.550), with current price trading at 159.522. The chart projects an aggressive breakout expansion followed by a double-top distribution reversal sequence: a strong impulse breakout past the "Weak High" reaching 159.730, a corrective pull-down to 159.620, a secondary retest surging to form an equal peak near 159.700, followed by a heavy markdown extension breaking down through intermediate levels toward the blue demand zone (159.350) Scenarios 🔴Main: Price materializes the projected black path-breaking out to 159.730, pulling back to 159.620, retesting resistance at 159.700, and then rejecting aggressively to trigger a full markdown slicing down toward the blue demand block (159.350) 🔴Alternative: Continuous high-volume buying pushes price beyond the entire distribution structure, closing solid candle bodies above 159.780. This invalidates the double-top reversal scenario, opening the way for further upside extension

August 29, 2026 13