Signal USDJPY Buy — H1 - June 29, 2026 19:21 GMT-4
On the H1 chart of USD/JPY, the recent price action reveals a bullish consolidation phase. The pair has been testing key support at 161.658, which has held firm despite intermittent selling pressure. The last few candles show a clear upward trend, with consecutive higher closes and increasing volume, indicating strong buying interest. The current close near 161.942 aligns with the formation of a bullish pattern, suggesting momentum is building toward higher prices. The volume spikes above 2000 during the breakout phase confirm the strength of the move, reinforcing the validity of the buy signal. As the price approaches the resistance…