Signal USDJPY Buy — M15 - July 16, 2026 01:49 GMT-4
On the M15 chart, USDJPY is displaying a classic bullish continuation pattern. The last three candles closed above the prior swing low of 162.04, forming higher lows, while the recent 162.38‑162.46 range set a fresh series of higher highs. Volume spikes accompanying the upward moves—particularly the 1,999‑contract bar at 162.263 and the 1,382‑contract bar at 162.263—confirm buying pressure and suggest the breakout is not a false alarm. The price is now trading just above the 162.10 level, which sits on a minor intraday support zone and aligns with the signal entry. A stop loss placed under the 161.94 trough respects…