USD/JPY: Navigating Resistance in a Sideways Market

Technical Outlook and Setup Rationale

Currently, USD/JPY is trading around 149.2, having seen a minor dip of 0.2% over the last 24 hours. The day range has been contained between 148.76 and 149.65, firmly establishing a sideways trend. From a technical perspective, this price action indicates that the pair is struggling to break past immediate resistance. My analysis shows that the 149.65 level continues to act as a significant ceiling for