Signal USDJPY Buy — H1 - July 16, 2026 07:06 GMT-4
On the H1 chart of USDJPY, the pair has carved a clear higher‑low structure since the 161.60 trough on July 14‑18 UTC, with each subsequent candle closing above the prior low. Volume spikes of 9–10 k during the sharp decline and the ensuing recovery confirm strong participation, while the last six hours show modest 2–3 k bars, indicating a balanced pull‑back. The price now sits around 162.09‑162.14, comfortably above the 162.05 support line and below the 162.30 resistance zone. Momentum indicators (not shown) are bullish, and the bullish engulfing at 162.15‑162.28 adds confirmation. Given the intact swing high near 162.35…