USDJPY Rebounds Strongly – Can Buyers Extend the Recovery?USD/JPYOANDA:USDJPYYong726Market Structure The 4-hour chart has shifted from a strong bearish impulse into a short-term recovery phase. Higher lows and higher highs have formed since the August bottom, suggesting buying pressure is gradually returning. However, the broader trend remains neutral until price confirms a sustained breakout above recent resistance. Key Resistance First Resistance: 159.40–159.60 This is the immediate resistance zone where the current rally is slowing. A clean breakout would strengthen bullish momentum. Second Resistance: 160.20–160.60 If buyers successfully clear the current resistance, this area becomes the next upside target and could attract additional momentum buying. Key Support First Support: 158.80–159.00 This recent breakout area now acts as the first layer of support. Holding above it would keep the short-term recovery intact. Second Support: 157.80–158.20 A deeper pullback toward this demand zone would still preserve the current recovery structure while allowing buyers another opportunity to re-enter. Market Sentiment Market sentiment has shifted from bearish to cautiously bullish. The recent rebound reflects improving buying interest after the sharp decline, but traders remain cautious as the price approaches a key resistance area where profit-taking may emerge. Please share your view below: Do you expect USDJPY to break above 159.60 and continue the recovery? Or will sellers defend this resistance and trigger another pullback? More market structure and key level updates will be shared regularly.