Signal USDJPY Sell — H1 - June 10, 2026 18:29 GMT-4
On the H1 chart for USD/JPY, the price formed a clear bullish peak at 160.528, followed by a sharp corrective decline with increased volume (3526) on the subsequent candle. The recent consolidation near 160.497 shows a critical test of support, with higher volume (5548) confirming the strength of the bearish reversal. The pair has been trending higher throughout the Asian session, but the current structure indicates exhaustion, as the close below the prior high suggests a potential trend shift. The bullish momentum was interrupted by a strong bearish candle, indicating short-term overbought conditions. With the price retesting key support levels…