USDJPY US Dollar vs Yen $USDJPY H4 — Bearish Pressure vs. Intact Weekly Structure
USDJPY is currently showing a clear conflict between short-term bearish pressure and a still-intact higher-timeframe structure. Context On the weekly timeframe, the confirmed swing structure remains upward, with a higher-high / higher-low sequence still intact. However, weekly momentum has weakened, with price below the falling 5-period moving average. The daily picture is more bearish. Price is below the 5-, 20- and 75-period moving averages, while the 5-period average is falling strongly. The daily environment is therefore under meaningful selling pressure, although the broader weekly structure has not yet confirmed a bearish transition. H4 Structure The H4 chart reinforces the shorter-term bearish picture. The 5-period moving average is declining strongly, and price has been accepted