USDJPY: Horizontal Consolidation USD/JPYOANDA:USDJPYBlaisefxacademyUSDJPY is trending on a horizontal range of support and resistance. the pair have been trapped in an upward consolidation for couple of weeks now, after it's bullish rise. price is currently heading towards the consolidation resistance, as we expect a retracement between $160.44-$159.93, levels. A clear confirmation below the resistance zone, activates a sell position down to $157.88-$157.53, as next potential support. Thanks for reading.