USDJPY awaiting bull ran USD/JPYOANDA:USDJPYAllanPip5USDJPY 4H Analysis I’m seeing a bullish continuation setup developing on the 4H. Price made an impulsive move from around 156.40 to 159.00, and I’m currently treating the move down from 159.00 as a retracement rather than a full reversal. I’ve marked the 70.5% retracement around 157.10–157.20, which aligns with the recent lows and liquidity. What interests me is that price has swept the sell-side liquidity around this area and rejected lower prices. This gives me the possibility that the retracement is coming to an end. At the same time, I have a short-term descending trendline forming from the recent high. I don’t want to assume continuation just because liquidity was taken. I want to see bullish displacement and a break of this short-term bearish structure.