Signal USDJPY Sell — H4 - June 24, 2026 02:46 GMT-4
The USD/JPY H4 chart reveals a consolidating pattern near the critical resistance level at 161.70, with recent price action exhibiting declining volume. The last few candles show a series of higher lows and higher highs, suggesting a bullish trend, but the most recent close at 161.569 marks a pullback below the prior high, indicating weakening momentum. The price has been hovering around 161.60-161.70, with a notable lack of volume on the upside, signaling potential exhaustion of bullish strength. A bearish reversal pattern may be forming as the close at 161.569 fails to sustain above the 161.60 area, where earlier support…