Bullish Bias but anticipating the pullbackU.S. Dollar / Japanese YenFOREXCOM:USDJPYLeequiditi USDJPY – 4H Pullback Before Expansion? 🔍 What I’m Seeing On the 4H timeframe, price has shifted from a strong bearish move into a clear bullish recovery phase. We’ve broken short-term structure to the upside and are now consolidating below the 155.50 area. After the impulsive rally from the 153.00–153.50 demand zone, price is stalling under minor resistance and building liquidity around equal highs. The dotted line area around 154.50 is acting as a short-term reaction level. There’s a clear unmitigated demand zone below around 153.30–153.60 this is where the last impulsive move originated. 📌 Why It Matters Markets don’t move in straight lines. After a strong bullish displacement, price often retraces to: Mitigate imbalance Tap into demand Collect liquidity below recent lows If price sweeps the short-term lows and taps back into the 153.50 demand zone, that would: Fill inefficiencies Induce sellers Provide fuel for continuation This would align with a classic liquidity sweep → retracement → expansion model. --- 🎯 What I Expect Next My primary scenario: 1. Short-term pullback toward 153.50 demand 2. Liquidity sweep below minor lows 3. Strong bullish reaction from demand 4. Expansion toward 156.50+ Invalidation: A clean breakdown and strong acceptance below the demand zone would weaken the bullish continuation idea. --- This is not chasing highs this is waiting for discount. Patience before expansion.