USDJPY Holds Near Multi-Week Highs — Can Bulls Extend the Rally?USD/JPYOANDA:USDJPYYong726Market Structure The market remains in a clear bullish trend. Price continues to respect an ascending structure, with higher lows supporting the ongoing recovery. The recent sideways movement appears to be a healthy consolidation rather than a reversal. Key Resistance First resistance: 163.80–164.00 A break above this area would strengthen bullish momentum. Second resistance: 164.50–164.80 This is the next upside-down objective if buyers regain control. Major resistance: 165.50–166.00 A sustained move above this zone would reinforce the medium-term bullish outlook. Key Support First support: 163.00–163.20 This area has repeatedly attracted buying interest during recent pullbacks. Second support: 162.30–162.50 A break below first support could expose this demand zone. Major support: 161.30–161.60 Losing this level would weaken the current bullish structure and increase downside risk. Market Sentiment Market sentiment remains bullish. Although price is consolidating after a strong rally, buyers continue to defend key support, indicating that the broader uptrend remains intact unless major support is broken. Please share your view below: Will buyers extend the rally above resistance? Or will sellers trigger a deeper pullback toward support? More market structure and key level updates will be shared regularly.