On the H1 timeframe for USD/JPY, the price has been consolidating above key support at 160.191, forming higher lows and higher highs since the last major pullback. The recent candles show a bullish bias with closes near the upper end of the consolidation range, indicating strong buying pressure. Volume has remained consistent, with notable spikes during the last few sessions, confirming the strength of the upward movement. The current setup suggests a potential breakout above the 160.389 high, which acts as a dynamic resistance level. The price is now testing this level with increased volume, signaling a possible continuation of…

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