USDJPY - the uptrend remains stable.USD/JPYOANDA:USDJPYMoon-ForexAcademy📈 1. Trend & Market Structure Current Trend: Bullish USD/JPY continues to maintain a strong bullish structure after breaking above the previous consolidation range. The pair is trading above both EMA9 (~161.57) and EMA89 (~161.43), confirming that both short-term and medium-term momentum remain positive. Price is also respecting a well-defined ascending trendline, with each pullback forming Higher Lows, indicating that buyers remain firmly in control. 👉 Current Trend: Bullish continuation. Buying on pullbacks remains the preferred strategy. 📊 2. Price Action Analysis Current Market Behavior Following a sharp rally from the 160.80 area, USD/JPY has entered a consolidation phase just below the 161.95 resistance. This sideways movement appears to be a healthy pause before the next directional move. Key Observations 🔵 Price continues to hold above the ascending trendline, keeping the bullish structure intact. 🔵 EMA9 remains above EMA89 and continues to provide dynamic support. 🔴 The 161.90–161.95 area is acting as the key short-term resistance after multiple rejections. 🟡 RSI is hovering around 54, indicating neutral-to-bullish momentum with room for further upside. 🔵 The momentum histogram has turned positive again, suggesting buying pressure is gradually strengthening. 3. The technical picture remains aligned with a supportive macro backdrop for USD/JPY. 🇺🇸 U.S. Dollar Expectations that the Federal Reserve will keep interest rates relatively high continue to support the U.S. Dollar. Resilient U.S. labor market and inflation data reduce the urgency for aggressive rate cuts, maintaining favorable yield differentials for the USD. 🇯🇵 Japanese Yen The Bank of Japan (BoJ) continues to normalize monetary policy only gradually. Although the BoJ has begun moving away from ultra-loose policy, Japanese interest rates remain significantly below U.S. rates, limiting sustained Yen strength. Any comments from Japanese authorities regarding excessive Yen weakness or the possibility of FX intervention could temporarily increase volatility. -------------------- BUY USDJPY : zone 161.700 - 161.500 SL : 161.200 TP : 162.000 - 162.400 - 162.800 --------------------