On the H1 chart for USD/JPY, the recent price action reveals a consolidating pattern following a prolonged uptrend. The closing prices have been gradually declining, with the last three candles showing lower highs and higher lows, suggesting a potential reversal. The key resistance level at 162.464 has been tested multiple times, but the price has failed to sustain above it, indicating weakening bullish momentum. Notably, the candle closing at 162.351 (signal time) exhibits a bearish close, with volume slightly lower than preceding candles, signaling possible exhaustion of buying pressure. The market appears to be in a corrective phase, with the…

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