On the M5 timeframe for USD/JPY, the recent price action reveals a bearish reversal potential. Following a bullish consolidation phase, the pair has tested a key resistance level at 160.51, marked by a series of higher lows and increased volume. However, the last few candles show a decline in volume, signaling waning momentum. The price has since retraced to a critical support zone near 160.34, where it has struggled to sustain bullish rallies, indicating weakening buying pressure. The current setup suggests a potential breakdown below this support, with the pair forming a descending pattern on the chart. The sell signal…

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