On the USD/JPY M15 chart, the recent price action reveals a consolidation phase following a prior uptrend. The last three candles show a decline from the high of 162.464 to a low of 162.333, with the most recent close at 162.351. This suggests a potential bearish reversal, as the price is testing support at 162.333, which aligns with a key Fibonacci level and a psychological barrier. The volume spike on the entry candle (2182) indicates strong selling pressure, confirming the breakdown. The current setup favors a short-term downtrend, with the price likely to target the 161.934 level mentioned in the…

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