The USD/JPY H1 chart shows a bullish consolidation phase with price action testing key support levels around 161.75-161.85. Recent closing prices have formed higher lows and higher highs, indicating strong buying pressure. Notably, the candle closing at 161.808 (1782496800) marked a pivotal low, followed by a sustained upward push with elevated volume, suggesting institutional accumulation. The pair has been consolidating near the 161.808 support, which coincides with a prior swing low and a rising trendline. Volume spikes in the latest candles (e.g., 1782500400, 1782504000) confirm the strength of the bullish move, aligning with the signal's buy direction. The current setup…

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