USD/JPY Bullish Recovery: Aiming for Liquidity RebalanceUSD/JPYOANDA:USDJPYTraderChampX The 1-hour chart for USD/JPY (OANDA) reveals a significant recovery effort following a sharp, impulsive decline. After price plummeted from the 160.500 resistance zone, it established a base near 155.500, where liquidity was swept (indicated by the "$$$" symbol). This sweep provided the necessary momentum for the current upward correction. Key technical elements observed include: Fair Value Gaps (FVG): The aggressive sell-off left behind multiple large imbalances (highlighted in light green). Price action is naturally drawn to these gaps to rebalance liquidity. Lower High (LH) Breach: Price is currently testing a critical "Lower High" level around 157.300. A sustained break above this level would confirm a structural shift from bearish to bullish on this timeframe. Target Objective: The projected path suggests a move to fill the primary FVG and retest the upper supply zone near 160.200 - 160.500. Summary: Despite the previous crash, USD/JPY is showing signs of a "v-shaped" recovery. If the pair can consolidate above the current LH, the path is clear for a rally toward the 160.000 psychological handle to address the inefficiency left by the prior drop.