Signal USDJPY Buy — M15 - June 23, 2026 19:27 GMT-4
On the M15 chart, USDJPY has been carving a clear higher‑high, higher‑low structure since the early June session. The price moved from the 161.20‑161.30 zone into a tight 161.55‑161.60 range, while volume surged on the 161.90 breakout candle, indicating strong buying conviction. The subsequent pullback respected the 161.50‑161.55 support band, and each retracement was met with a volume‑weighted bounce, confirming the trend’s resilience. The most recent candles have closed above the 161.58 resistance, forming a bullish engulfing pattern that validates the buy entry. With the swing low at 161.506 now acting as a logical stop‑loss level, the next target lies…