USD/JPY: Preparing for the Breakout from Consolidation – A Long Opportunity Beckons

The Technical Landscape & My Entry Rationale

Good morning, KoraFX community. I’ve been conducting a deep dive into the USD/JPY pair, and while it's currently showing a sideways trend, trading around 149.78 with a tight day range between 149.36 and 150.2, I see a compelling setup for a long position. My analysis indicates that this consolidation phase is likely a prelude to further upside, driven by underlying fundamental divergences.
From a technical standpoint, the pair has found strong immediate support around 149.36. My preferred entry for this position trade