USDJPY Bullish Reversal Setup | CHoCH Signals Potential Upside CUSD/JPYOANDA:USDJPYerc_marketsUSDJPY is showing early signs of a bullish shift after printing a clear Change of Character (CHoCH), suggesting that selling momentum may be weakening. The recent impulsive move from the highlighted order block demonstrates strong buying interest, while the current pullback could provide a healthy retest before the next directional move. The highlighted order block remains the primary area to monitor. As long as price respects this demand zone and maintains the higher-low structure, buyers may attempt another push toward the projected target. A confirmed break above the recent swing high would further strengthen the bullish outlook. This analysis is based on market structure, price action, and Smart Money Concepts (SMC). As always, patience and confirmation should come before execution, while proper risk management remains essential in every market condition. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice.