USDJPY H1: USDJPY Seems to Have Run Out of Steam to Make a HHUSD/JPYOANDA:USDJPYmartin_waternUSDJPY has just formed a new high that came in lower than the previous one, following a fairly hot rally from the 162.600 zone up to the 164.150 high — a sign that bullish momentum is fading, and buyers may no longer have enough strength to push price higher in the short term. Price is now weakening again and approaching the dynamic support (EMA) zone around 163.400–163.500. My plan is to sell if price makes a slight bounce up to the 163.800–163.900 zone, stop loss above 164.150 (above the old high), targeting the 163.293 zone below. The biggest risk is if price breaks above and forms a new high above 164.150 — in that case, this weakening assessment would be considered wrong, and I'll stay on the sidelines waiting for a new structure rather than forcing a sell. This is just my personal take based on technical analysis. Wishing you successful trading.