Signal USDJPY Sell — H1 - June 3, 2026 03:19 GMT-4
On the H1 timeframe for USD/JPY, the recent price action shows a bullish trend with higher highs and higher lows, but the last several candles indicate weakening momentum. The close at 159.934 aligns with a potential reversal near key resistance, as the prior high of 159.962 failed to sustain bullish momentum, marked by declining volume. The current consolidation near 159.956 suggests traders are hesitant, creating a setup for a short-term sell. Support at 159.588 is critical, as it represents a prior low with potential to act as a key psychological level. The decreasing volume in recent candles, especially below 159.956,…