USDJPY Pulls Back Into Support — Can Buyers Defend the Recovery?USD/JPYOANDA:USDJPYYong726Market Structure USDJPY remains in a broader bullish trend despite the sharp correction seen earlier this month. Following the aggressive selloff, price established a higher base and has been consolidating within a relatively tight range. The current structure suggests the market is in a pause rather than a confirmed trend reversal, with buyers and sellers waiting for the next catalyst. Market Sentiment - Neutral to Slightly Bullish Momentum has cooled after the recent recovery, but buyers continue to defend higher lows. The market remains balanced, with a breakout from the current range likely to determine the next directional move. Bullish Scenario If buyers successfully defend the first support and push price above the first resistance, bullish momentum could accelerate and expose the second resistance, confirming the continuation of the recovery phase. Bearish Scenario If price breaks below the first support, selling pressure could increase, sending USDJPY toward the second support and suggesting that the recent consolidation is evolving into a deeper correction. ──────────────────── Market Outlook After experiencing a sharp correction, USDJPY has gradually stabilized and entered a consolidation phase. The market is no longer under heavy selling pressure, but buyers still need to reclaim nearby resistance to regain full control. Until then, short-term range trading is likely to dominate while participants wait for a decisive breakout. ──────────────────── Key Levels First Resistance 159.50 Second Resistance 160.00 First Support 158.50 Second Support 157.80 ──────────────────── Future Scenarios A sustained break above 159.50 would indicate renewed buying interest and could open the way toward 160.00, reinforcing the broader bullish structure. However, if price falls below 158.50, bearish momentum may strengthen and increase the probability of a move toward 157.80. ──────────────────── Please share your view below: Do you expect USDJPY to resume its broader uptrend from current levels, or is another corrective wave still ahead? More market structure and key level updates will be shared regularly.