USDJPY Has Approached To The Resistance Level

We have a uptrend here and price is currently above the weekly pivot but it has approached to the first resistance level and also the upper band of the ascending channel. MACD shows a regular negative divergence. If price gets rejected by this level, I expect a downside bounce around 105.830 and if there was no bearish candle closed below 105.830 which is our weekly pivot, we can expect a rise again towards the next resistance level (R2) and then a rejection by R2, then a fall in price again. On the other hand, If the candle could close below the weekly pivot, we can expect the channel’s downside breakout and price can fall to S1 and S2 in the future.