Signal USDJPY Sell — M5 - June 29, 2026 22:00 GMT-4
On USD/JPY M5, the recent price action shows a bullish consolidation phase between 161.6 and 162.0, with mixed volume. The last candle closed at 161.945, slightly below the prior high of 161.946, indicating weakening momentum. However, the broader context reveals a series of higher highs and lower lows since mid-June, suggesting a downtrend. The price has been testing resistance around 162.173, which failed to hold, leading to a corrective pullback. Volume in the latest candles is low (37), signaling reduced buying pressure and potential exhaustion of bullish momentum. The pair has been range-bound near key support levels, with the current…