USD/JPY is currently trading within ascending channelUSD/JPYOANDA:USDJPYMarcel_PlatonUSD/JPY is currently trading within a well-defined ascending channel on the 1H timeframe, indicating sustained bullish momentum. Price action continues to form higher highs and higher lows, respecting both the lower and upper boundaries of the channel. After rebounding from the lower trendline support, the pair has resumed its upward movement, suggesting buyers remain in control. As long as price remains inside the ascending channel and above the dynamic trendline support, the short-term bias remains bullish. A breakout above the upper boundary could accelerate momentum toward higher resistance levels, while a breakdown below 157 would invalidate the bullish structure and suggest a potential correction. Let me know your opinion in the comments bellow