Signal USDJPY Sell — M5 - July 14, 2026 00:50 GMT-4
On the M5 timeframe for USD/JPY, the recent price action reveals a clear bearish bias. The pair has been consolidating within a descending channel, with consecutive lower highs and lows confirming the downtrend. Key resistance at 162.493 has been breached, while support around 162.400 remains critical. The latest candles show a breakdown below this support level, with the close at 162.412 signaling a potential reversal. Volume has been mixed but remains adequate, suggesting institutional selling pressure. The current structure aligns with a sell setup as the price retests the 162.400 level, indicating weakness. A break below this support would validate…