The USD/JPY H1 chart shows a clear downtrend with key resistance at 162.35 failing to hold, as prices retreat below critical support levels. The recent low at 161.694 acts as a psychological floor, with multiple candles closing beneath it, indicating strong bearish momentum. Volume spikes on the 1783998000 candle (162.382-162.468) suggest a failed bullish attempt, reinforcing the sell signal. The pair has been consolidating near the 162.35 resistance, which now serves as a key overhead barrier. With the trend bias firmly downward and the recent bullish retest rejected, the setup favors a continuation of the decline toward the 161.712 target.…

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