Signal USDJPY Sell — H4 - June 24, 2026 03:34 GMT-4
On the H4 timeframe for USD/JPY, the price has been consolidating within a range bounded by key resistance at 161.787 and support at 160.597. The recent candle (1782259200) closed at 161.624, testing the upper boundary of this range but failing to sustain momentum above 161.787. This rejection, coupled with a subsequent bearish candle (1782273600) closing at 161.557, signals a weakening bullish trend and potential reversal. Volume on the latter candle (7001) shows a notable increase, validating the strength of the downward move. The pair has been in a strong uptrend since 160.0, but the recent decline suggests a shift in…