Hello traders! #USDJPY - the bullish momentum is strong, the price confidently settled above 159.32–159.35 and continues to show strength, expecting further growth. Timeframe and Context The analysis is conducted on the hourly timeframe (H1). After a minor correction with a test of support around 159.32–159.37, the USD/JPY pair formed a strong base and experienced a confident bounce. The current price stabilizes around 159.35 yen with a minimal negative close (-0.01%), but the structure of the recent bars is clearly bullish: a bounce from support, holding above 159.32, and a series of green candles with buyer dominance. Market Structure: Bullish Trend in the Medium-Term Perspective Locally, the market demonstrates complete buyer dominance: - Confident breakthrough of the 159.32–159.35 zone upwards with subsequent holding above - Dominance of bullish closes in the current segment, attempts by sellers are quickly suppressed - Absence of a pullback below the broken level and stability after the support test — a classic signal of continuation of the impulse Sellers completely lost control after testing the lower boundaries, creating ideal conditions for buyer dominance. Indicators confirm a strong bullish sentiment: RSI confidently above 60 with a positive slope, momentum remains high without divergences; price stays above all key EMAs (50, 100, 200); MACD with a positive histogram, the impulse expansion continues. Liquidity and Levels Significant liquidity was collected below 159.32–159.37 during the correction (stop-losses and short positions closure), now the main accumulation of sellers' stops is above current prices in the zones of 159.35–159.60 and further up to 160.00–160.50+. The breakthrough of 159.35 and holding above 159.35 opened the way to upper targets: - Liquidity is concentrated above — expecting a cascading stop collection when approaching 159.80+ - The current stabilization around 159.35 and the absence of a pullback indicate sustainable demand - Approaching resistance zones with high volatility and acceleration of movement is expected Levels coincide with the 161.8% Fibonacci extension from the previous impulse, dynamic EMAs, and the upper boundary of the medium-term channel. Projected Movement: Continuation of the Upward Impulse Further development of a strong upward impulse is expected after settling above 159.35: - Consolidation above 159.80 with acceleration - Breakthrough of the 160.00–160.50 zone with activation of large pending buy orders - Highs update and formation of a new wave of growth In the short term, a small consolidation in the range of 159.32–159.35 is possible to digest the movement, but in the medium term, the trend remains extremely bullish with the potential for testing 161.00+. Movement Targets (Take Profit) TP1 — 159.80–160.00 The first significant resistance zone after the current impulse Suitable for partial profit taking TP2 — 160.50–161.00 Intermediate area with liquidity accumulation and expansion Opportunity for additional profit taking TP3 — 162.00+ Key medium-term target of the current bullish impulse Expected range for the end of the growth wave Risks and Scenario Cancellation Conditions The scenario will be canceled under the following conditions: - Breakthrough and settling below 159.32 with the formation of new lows - Development of a descending structure with a series of lower highs and increased selling pressure Final Conclusion Trend: medium-term bullish, strong impulse Correction: completed at strong support 159.32–159.37 Liquidity: main accumulation above 159.80–160.50, high probability of continued upward impulse Targets: 159.80–160.00, 160.50–161.00, 162.00+ Colleagues, how do you view USD/JPY now? Are you adding on pullbacks or waiting for a breakthrough of 159.80? Share your levels and ideas in the comments!
