USD/JPY Chart Setup: 156.13/50 Resistance Under Fire
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USD/JPY has pushed into the 156.13/50 resistance band, a zone that has capped rallies on prior attempts. The hawkish Fed move widened the yield gap in the dollar's favor, but price action into resistance is now showing bearish RSI divergence on the daily chart — momentum is fading even as spot pushes higher.
This divergence pattern typically precedes short-term pullbacks. The key technical trigger sits at 155.45; a clean break below would confirm exhaustion and open a retracement toward the prior consolidation range.
Bulls need a daily close above 156.50 to invalidate the divergence signal and target fresh highs. Until then, the setup favors a fade-the-rally approach near resistance.