USDJPY: buyers press

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USDJPY: buyers pressUnited States Dollar vs Japanese YenTICKMILL:USDJPYTrade8EightπŸ›  Technical Analysis: On the 4-hour timeframe, USDJPY remains inside a broader bullish structure and continues to trade above the SMA 100 and SMA 200, which keeps the medium-term trend constructive. The pair has already tested the 159.600 resistance zone several times, and this repeated pressure suggests that buyers are still active rather than exhausted. At the same time, the 159.024 area is acting as the nearest support pivot, where price may stabilize before the next breakout attempt. The recent pullback looks corrective for now, especially since the market is still holding above the lower highlighted support zone and has not broken the bullish sequence completely. The SMA 50 is sitting near current price and may create short-term friction, but a decisive move back above it would strengthen upside momentum. If buyers manage to break and hold above 159.600, the next projected expansion could reach the 160.500 target shown on the chart. Only a deeper drop below 158.045 would weaken this bullish setup and shift attention back to the lower support region. 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: Buy from the 159.024 support zone, with continuation favored on a confirmed breakout above 159.600 🎯 Take Profit: 160.500 πŸ”΄ Stop Loss: 158.045 ⚠️ 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.