Signal USDJPY Sell — H4 - June 23, 2026 20:57 GMT-4
On the H4 chart of USDJPY the recent bullish thrust that pushed the pair above 161.8 has stalled, and price is now retracing. The last three candles closed progressively lower (161.775 → 161.554) while volume has sharply contracted, indicating fading buying pressure. Key resistance around 161.80‑161.85 was tested and rejected, and the 161.60‑161.62 zone now acts as a short‑term resistance. A break below the 161.614 entry level would confirm a shift to bearish momentum, with the stop‑loss positioned above the prior swing high at 162.22, providing a clean risk‑reward profile. The nearest strong support lies near 160.55, where the price…