Signal USDJPY Sell — H1 - June 2, 2026 18:42 GMT-4
The USD/JPY H1 chart shows a sustained consolidation phase between 159.45 and 159.75, with the most recent candle closing at 159.739 near the upper boundary. The prior candles exhibit a contracting range, with lower volume (1311) on the latest close suggesting waning bullish momentum. The price has tested key resistance levels multiple times, failing to sustain above 159.75, which indicates overbought conditions. The recent low at 159.45 acts as a critical support, and the current close near the high may signal a potential reversal. The consolidation pattern, combined with lower volume, creates a setup for a sell signal as the…