USDJPY: Rally Pauses, but the Uptrend Is Not OverUSD/JPYOANDA:USDJPYDomicChainaMarkets rarely reverse immediately after one strong bearish candle. Most of the time, that move is simply a test to see whether buyers are still willing to defend the trend. USDJPY is now in exactly that phase. After reaching the 162.70 area, the pair faced strong profit-taking and quickly slipped below the EMA34. However, price is still trading above the EMA89, which represents the medium-term trend. This suggests that the current decline looks more like a correction than a full reversal. The 160.50–160.70 area is now the key support zone. If buyers defend this region, USDJPY could form a higher low and return to test 161.80, followed by 162.50. Until the EMA89 is lost, the H4 bullish structure remains intact.