USDJPY-Bullish structure intact, range consolidation near key reUSD/JPYOANDA:USDJPYYong726USDJPY is still holding a very clean bullish structure on the H1 chart, but the pace has clearly started to slow down near the 159.00 area. What stands out here is that buyers are no longer chasing aggressively like they did during the earlier impulse leg. Instead, price has shifted into a tighter consolidation range after the recent breakout sequence. What makes this interesting is the market already respected the previous intraday support around 158.50–158.60 earlier this week. That zone was mentioned before as the “decision area” for trend continuation, and so far the reaction confirms buyers are still defending dips rather than abandoning positions. As long as price continues holding above that structure, the broader bullish bias technically remains intact. From a key-level perspective, 159.20–159.50 is still the main resistance pocket to watch. The chart has already tested this region several times, but sellers have not been able to force a deeper reversal yet. Usually when price repeatedly presses against resistance without a strong rejection, it tells us the market is absorbing supply. If momentum returns and H1 candles can close firmly above 159.50, the next upside extension toward the psychological 160.00 area becomes much more realistic. On the downside, 158.50 remains the first important support. A break below that level would weaken the current higher-low structure and could trigger a deeper correction back toward 157.80 or even 157.20. RSI is also cooling from elevated levels, which suggests momentum is stabilizing rather than accelerating right now. In other words, the trend is still bullish — but the market probably needs a fresh catalyst for the next expansion leg. Right now the bigger question is whether USDJPY is building energy for another breakout, or if this consolidation near highs is actually an early exhaustion signal before a pullback. Personally, I’m watching how price behaves around 159.20 very closely. If buyers can finally clear it with conviction, the market may enter another trend acceleration phase. But if the pair keeps failing there, short-term profit taking could start increasing into the next session. What do you think — breakout continuation above 159.50, or short-term correction first before the next move higher?