USD/JPY Holds Near the Highs — Can Bulls Push Toward 162.50?USD/JPYOANDA:USDJPYYong726USD/JPY remains in a bullish market structure on the 1H chart. After the strong breakout from the 160.50 area, the price continued to build higher lows and is now consolidating near the upper range around 161.80. The market is not showing strong rejection from the highs yet, which suggests that buyers are still trying to maintain control. From a market structure perspective, the pair has shifted from consolidation into a bullish continuation phase. The earlier breakout above 161.00 created a new upside range, and the price is now holding above the former resistance area. As long as USD/JPY stays above the 161.30–161.50 zone, the short-term bullish structure remains valid. The first key resistance zone is around 162.00–162.20. This is the next psychological and technical area where sellers may attempt to slow the move. If buyers manage to break above 162.20, the next upside target could open toward 162.50 and potentially 163.00. On the downside, the first key support zone is 161.50–161.30. This area has acted as a short-term base after the breakout. If price pulls back and holds above this zone, buyers may use it as a new demand area. Below that, the stronger support zone sits around 161.00–160.80, which is the previous breakout region. For the bullish scenario, USD/JPY needs to hold above 161.50–161.30 and break above 162.00–162.20 with confirmation. If this happens, bullish momentum could continue toward 162.50 and 163.00. A clean breakout would confirm that buyers are still willing to defend the trend. For the bearish scenario, rejection from 162.00–162.20 could trigger a short-term pullback. If price breaks below 161.30, the pair may retest 161.00–160.80. A deeper break below 160.80 would weaken the bullish structure and suggest that the breakout is losing strength. Market sentiment is currently bullish, but slightly cautious near resistance. Buyers are still in control, but price is trading close to a reaction zone, so chasing without confirmation may carry a higher risk. The better signal will come from either a confirmed breakout above 162.20 or a controlled pullback into support. Right now, confirmation matters more than prediction. Above 162.20, bullish continuation becomes stronger. Below 161.30, short-term momentum may start to fade. What do you think? Will USD/JPY break above 162.20 and continue toward 162.50–163.00? Or will sellers defend the highs and push the pair back toward 161.30? Share your view below — bullish continuation or short-term pullback?