Signal USDJPY Sell — H4 - June 29, 2026 20:35 GMT-4
On the H4 timeframe for USD/JPY, the recent price action reveals a strong bearish bias. The pair has been consolidating within a narrowing range, with consecutive closes below prior highs and a clear downtrend forming since the 161.942 high on 2026-06-30. Key support levels at 161.554 and 161.495 have been tested multiple times, with higher-than-average volume on the latest candle (1371) confirming the selling pressure. The current structure shows a failed bullish attempt at 161.942, followed by a sharp decline, suggesting exhaustion in the uptrend. The price is now near the lower end of the recent consolidation range, with the…