USDJPY: break above 160

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USDJPY: break above 160United States Dollar vs Japanese YenTICKMILL:USDJPYTrade8EightπŸ›  Technical Analysis: On the 4-hour timeframe, USDJPY is trading in a steady bullish structure and continues to press into the 159.55–159.60 resistance zone. Multiple tests of the same ceiling usually weaken supply, and the chart suggests buyers are still active ahead of the next approach. The pair also remains supported by the 158.64 area, which is now acting as the key short-term pivot for bullish control. In addition, price is holding above the SMA 50, SMA 100, and SMA 200, confirming that the broader trend still favors the upside. The recent rejection from resistance has not damaged the structure yet, because the market is still printing higher lows from the rising support line. If bulls manage to secure a confirmed breakout above the current cap, the next upside objective comes in near 160.44. Only a drop back below 158.64 would weaken the immediate bullish continuation scenario. β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” ❗️Trade Parameters (BUY) β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€”β€” ➑️ Entry Point: 159.362 🎯 Take Profit: 160.440 πŸ”΄ Stop Loss: 158.644 ⚠️ Disclaimer: This is a potential trade idea based on current analysis; market conditions and price direction are subject to change based on news factors and volatility.