The movement of the USD/JPY currency pair on the H1 timeframe, the current price action is around the 158.25 level. In general, the market structure shows a moderate bullish bias, but there is still bearish pressure in the short term. The price is moving around the red moving average and is still above the blue moving average. This condition indicates that the medium-term trend still has the potential to continue rising as long as the main support area can be maintained. From the Bollinger Bands indicator, it can be seen that the price previously experienced a fairly strong rise toward the upper band, then corrected and moved into consolidation. Currently, the price action is around the middle line of the Bollinger Bands. This indicates that the market is seeking the next direction after experiencing high volatility. The first strategy is BUY. A long position can be considered if the price manages to break through the 158.37 resistance area and closes with a strong bullish candle on the H1 timeframe. Additional confirmation in the form of a retest that successfully holds the 158.30–158.37 area can be a signal that buyers are starting to regain control of the market. The first profit target is at 158.57, while the second target is around 158.75. A stop loss can be placed below 158.15 to limit risk. The second strategy is SELL. A short position can be considered if the price fails to break the 158.37 resistance and forms a bearish reversal pattern. Stronger confirmation will be obtained if the H1 candle closes below the 158.21 support. The first decline target is at 157.97, then 157.77. A stop loss can be placed above 158.45. In conclusion, the USD/JPY H1 currently still shows a moderate bullish bias because the price is above the blue moving average. However, the price position close to the red moving average indicates that the upward momentum is not yet fully strong. Therefore, the best strategy is to wait for confirmation of a resistance breakout or support breakdown before opening a position. Avoid entering based only on market direction guesses. Use risk management with risk limits and ensure a risk-reward ratio of at least 1:2. Always pay attention to economic news from the United States and Japan as they can significantly increase the volatility of the USDJPY pair.
