USDJPY | Liquidity Sweep Into Demand Zone | Bullish Recovery SetU.S. DOLLAR / JAPANESE YENFX_IDC:USDJPYlimitlesszayraHello TradingView community! 👋 USDJPY is presenting an interesting potential bullish recovery setup on the 1-hour timeframe after completing a significant liquidity sweep below a well-established support region. One of the key reasons behind my bullish view is the way price reacted after reaching the 156.20-156.40 demand zone. This area had previously acted as an important reaction zone, and the recent sharp selloff into support appears to have attracted fresh buying interest rather than triggering sustained downside continuation. Following the liquidity grab, price produced a strong recovery and started building a sequence of higher lows inside a rising channel. The structure suggests that buyers are gradually regaining short-term control while attempting to recover toward overhead resistance levels. Another technical factor worth monitoring is the descending trendline originating from the 159.00 swing high. Price is now approaching this dynamic resistance while simultaneously advancing within an ascending channel. A successful breakout and acceptance above the trendline could open the door for a continuation toward higher resistance levels highlighted on the chart. 📍 Bullish Scenario ✅ Demand Zone: 156.20 - 156.40 ✅ Structure: Liquidity Sweep → Strong Recovery → Ascending Channel → Trendline Retest 🎯 Target 1: 158.168 🎯 Target 2: 158.351 🎯 Target 3: 158.850 - 158.950 For me, the key idea remains straightforward: Liquidity Sweep → Demand Zone Rejection → Bullish Recovery → Trendline Break → Higher Targets As always, this analysis is based purely on price action, support and resistance behavior, market structure, and liquidity concepts. 📊 This is a technical analysis idea, not financial advice. Happy Trading! 🚀