USD/JPY Technical Analysis Uptrend Continues Toward Major ResisUSD/JPYOANDA:USDJPYKimYunaJournalDaily Structure Supported by Rising Trendline Technical Analysis: USD/JPY on the daily timeframe is maintaining a bullish structure after forming a strong recovery from the previous lows near the 140 area. The pair has been developing a sequence of higher lows and higher highs, confirming that the broader momentum has shifted back to the upside. Price is currently trading around the 157–158 region and remains supported by a clear ascending trendline that has guided the recovery phase. This trendline has acted as dynamic support, helping sustain the upward movement during pullbacks. The next major resistance is located near 161.95. This level previously acted as a significant turning point and could attract selling pressure if price approaches it again. A successful breakout above this resistance would signal further bullish continuation and potentially open the path for a move toward new cycle highs. On the downside, the key structural support lies around 147.94, which represents an important historical support zone. As long as price remains above this level and respects the rising trendline, the broader bullish structure remains intact. If price experiences a pullback, the ascending trendline may serve as the first support area where buyers could re-enter the market before attempting another upward move. Key Levels: Resistance: 161.95 Support: 147.94 Bias: Bullish while price remains above the ascending trendline and the 147.94 support level.