USD/JPY: Navigating Sideways Consolidation for a Long Opportunity

Current Market Structure and Technical Observations

USD/JPY is currently trading at 149.14, having experienced a slight decline of -0.24% over the last 24 hours. The immediate trend remains sideways, with price action contained within a clear range, defined by the day's low of 148.59 and resistance at 149.68. This consolidation phase is critical; it often precedes a significant directional move. From a technical perspective, the area around 148.59 has demonstrated resilience as an immediate support level