USDJPY 5m: Short Bias from Trend-Following SignalsU.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYMasayanFXAs of May 29, 2026, USDJPY appears to be showing a short-biased condition on the 5-minute chart. In this analysis, I am looking at two different moving-average-based trend-following approaches: 1. Perfect Order logic using multiple moving averages 2. Golden Cross / Dead Cross logic using short-term and long-term moving averages At the moment, both approaches are pointing to the short side. This suggests that, from a trend-following perspective, the current market structure may still be tilted to the downside. The key point is not just that a sell signal has appeared, but that two different trend-following methods are showing the same directional bias. Based on my own research and testing, USDJPY often appears to work better with trend-following logic than with counter-trend logic, especially when the market starts to move clearly in one direction. However, this does not mean that the price must continue falling. If price moves back above the main moving average area and the moving average structure starts to change, the short bias may weaken. The main points I am watching are: 1. Whether price remains below the main moving average area 2. Whether the bearish moving average alignment continues 3. Whether the recent downside structure remains intact 4. Whether the market shifts into a sideways range As long as the moving average structure remains bearish, the short-side scenario remains technically valid on this timeframe. This post is part of my ongoing research and testing of moving-average-based trend-following logic on USDJPY.