On the H4 timeframe for USD/JPY, the price has been consolidating near key support at 161.60, with recent closes hovering around 162.0-162.45. The last three candles (ending July 15, 12:00 UTC) show a bullish bias, closing above 162.0 and forming a higher high at 162.451. The 162.15 entry aligns with a potential breakout setup, as the price has tested and held above the critical support level, indicating strength. Volume remains moderate, but the consistent closes above 162.0 suggest institutional accumulation. The prior low at 161.60 acts as a dynamic support, and the recent bullish momentum implies a higher probability of…

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