USDJPY | Bullish Continuation Setup After ConsolidationUSD/JPYOANDA:USDJPYFrankAgbo USDJPY is showing signs of strength after a healthy pullback, with price now consolidating above a key support zone. The market appears to be building momentum for another leg higher, provided buyers maintain control above the current demand area. 🔍 Technical Analysis: After the strong impulsive rally from the recent swing low, price entered a consolidation phase instead of making a deeper correction. This suggests buyers are still active and absorbing selling pressure. The current structure remains bullish as long as price continues to hold above 161.46. The repeated rejection of lower prices indicates demand is defending this zone, increasing the probability of an upside breakout. A decisive move above the immediate resistance around 161.94 would likely trigger fresh buying momentum, opening the path toward the next major resistance at 162.80 - 162.85. 📊 Trade Idea 🟢 Buy: Around current price / breakout above 161.94 🎯 Target: 162.80 - 162.85 🛑 Stop Loss: Below 161.46 Why I'm Bullish ✅ Higher low structure remains intact. ✅ Strong bullish impulse followed by healthy consolidation. ✅ Buyers continue defending key support. ✅ Risk-to-reward is attractive (approximately 1:2). ✅ Momentum favors continuation if resistance breaks. Invalidation A sustained close below 161.46 would invalidate this bullish setup and could expose the pair to a deeper correction before buyers regain control. As always, wait for confirmation before entering and manage your risk properly. No setup is guaranteed—protect your capital. What do you think? Will USDJPY break above 161.94 and continue toward 162.85, or will sellers force a deeper pullback first? #USDJPY #Forex #TradingView #PriceAction #TechnicalAnalysis #ForexTrading #SwingTrading #SupportAndResistance #RiskManagement #JPY #USD