USD/JPY: Preparing for a Breakout Within the Sideways Structure

As a trader focused on structured analysis, I am observing USD/JPY with keen interest, despite its current sideways trajectory. The market is trading at 149.31, reflecting a slight daily dip. However, my analysis indicates a potential for an upward move on a position timeframe, aligning with a long bias. The structure around the current price offers a clear opportunity for a calculated entry.

Technical Structure and Entry Rationale

The current daily range of 149.01 to 149.6 defines the immediate short-term boundaries for USD/JPY. While the trend is sideways, I am looking for a bounce from a key support level to initiate