Signal USDJPY Sell — H1 - June 10, 2026 21:05 GMT-4
On the H1 timeframe for USD/JPY, the recent price action reveals a bullish trend characterized by higher highs and higher lows, with key resistance forming near 160.547. However, the latest candles show a breakdown below critical support levels, including a close below 160.472 and a low at 160.472, signaling potential exhaustion of the uptrend. Volume has been declining in recent sessions, indicating weakening buying pressure and confirming the bearish reversal. The price has been consolidating within a narrowing range, with the close at 160.522 coinciding with a bearish candlestick pattern, suggesting a shift in momentum. The declining volume during the…