USD/JPY Breaks Higher — Can Bulls Extend the Rally Toward 163?USD/JPYOANDA:USDJPYYong726USD/JPY remains in a strong bullish structure on the 4H chart. After consolidating around the 161.40–161.80 area, the price broke higher with strong momentum and is now trading near 162.70. The recent breakout shows that buyers are still in control, but the pair is also approaching a higher resistance area where short-term profit-taking may appear. From a market structure perspective, USD/JPY is clearly bullish. Price has continued to form higher highs and higher lows, and the latest push above 162.00 confirms that upside momentum is still active. As long as the pair holds above the previous breakout area, pullbacks may continue to be treated as buying opportunities within the broader uptrend. The first key resistance zone to watch is around 162.80–163.00. This is the nearest psychological resistance area and may act as a short-term decision zone. If buyers can break and hold above 163.00, USD/JPY may extend toward 163.50–164.00. A stronger continuation above 164.00 would confirm that bullish momentum remains dominant. On the downside, the first key support zone is around 162.20–162.00. This is the nearest breakout support area. If price pulls back but holds above this zone, the bullish structure remains strong. Below that, 161.80–161.50 becomes the next important support area, where buyers previously defended the trend before the latest breakout. For the bullish scenario, USD/JPY needs to hold above 162.20–162.00 and break above 163.00 with confirmation. If this happens, the pair may continue toward 163.50–164.00. A sustained move above 164.00 would strengthen the bullish outlook and confirm further upside continuation. For the bearish scenario, rejection from 162.80–163.00 may trigger a short-term pullback. If price breaks below 162.00, USD/JPY could retest 161.80–161.50. A deeper break below 161.50 would weaken the current breakout structure and suggest that the pair may enter a broader correction phase. Market sentiment is currently bullish. Buyers are clearly driving the move, and the breakout above 162.00 shows strong momentum. However, because price is now approaching the 163.00 psychological zone, confirmation is important. The key question is whether buyers can continue the breakout or whether the market needs a pullback before the next leg higher. Above 163.00, bullish continuation may strengthen. Below 162.00, short-term correction pressure may increase. What do you think? Will USD/JPY break above 163.00 and continue toward 164.00? Or will sellers defend the psychological resistance and push the pair back toward 162.00? Please share your view below.