On the USD/JPY M15 chart, the recent price action reveals a bullish breakout following a consolidation phase. The candle closing at 161.808 marks a decisive move above key resistance, with elevated volume (829) confirming the strength of the upward thrust. Prior to this, the pair had been ranging between 161.651 and 161.808, with multiple lower-volume candles indicating indecision. The breakout candle's close above the prior high suggests a shift in momentum, aligning with the buy signal. The subsequent consolidation near 161.751 (low) and 161.763 (high) validates the support level at 161.651, which now acts as a critical floor. With the…

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