On the H4 timeframe for USD/JPY, the recent price action reveals a bearish reversal setup. The sequence of lower highs and lower lows since the mid-June high at 161.84 suggests a weakening bullish trend, culminating in a close below the key resistance level of 161.84 on the last candle. The consolidation phase near this resistance, paired with a decline in volume (10,663) compared to prior spikes, indicates waning buying pressure. The close at 161.792 aligns with a potential breakdown below the 161.84 pivot, signaling a shift toward bearish momentum. Support at 161.754 (previous low) appears critical, with a break below…

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