Signal USDJPY Buy — M5 - June 14, 2026 18:10 GMT-4
On the M5 timeframe, USD/JPY has been in a corrective phase following a prolonged downtrend. The recent candles show a consolidation pattern with low volume, suggesting accumulation near key support levels. The last three candles (1781302800 to 1781303700) formed a bullish structure, closing higher with a strong close at 160.24, indicating potential momentum reversal. The pair is now testing critical support around 159.785, where the price has previously found resilience. The low volume during the consolidation phase implies reduced selling pressure, aligning with a possible bullish setup. With the close above the recent low of 160.202 and the formation of…