On the H4 timeframe for USD/JPY, the recent price action shows a clear bullish trend with higher highs and higher lows. The last candle closed at 160.322, forming a new high near the 160.346 resistance level, while maintaining strong momentum above key support at 159.799. The bullish pattern is reinforced by consistent volume levels, indicating sustained buying interest. The current consolidation near the recent high suggests potential for a breakout, with the entry at 160.278 aligning with the 4-hour high. The support at 159.799 acts as a critical stop-loss level, protecting against a potential reversal. Given the strength of the…

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