USD/JPY: Evaluating Breakout Potential Above Key Resistance

Market Structure and Technical Observations

USD/JPY is currently trading at 149.8, having experienced a modest 0.2% gain over the past 24 hours. The pair has demonstrated a sideways trend recently, with the day's range confined between 149.35 and 150.25. My technical analysis indicates that the immediate support at 149.35 has shown resilience. While price action has been consolidating, I observe a developing potential for an upward