The 1-hour chart of USDJPY reveals a bearish trend, with the price consistently trading below the 20-period moving average. The recent high of 160.183 serves as a strong resistance level, while the low of 159.012 acts as a potential support. The volume has been increasing, indicating growing bearish momentum. The price action suggests that the sellers are in control, and a potential breakdown below the current level could lead to further declines. The recent candlestick pattern, with a long black candlestick followed by a small white one, confirms the bearish sentiment. Given the current market conditions, it is logical to…

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