USD/JPY: Navigating the Sideways Consolidation for a Tactical Opportunity

Market Structure & Key Levels

The USD/JPY pair is currently exhibiting a distinct sideways trend, with the present price at 149.82. Analysing the chart, the structure is clear: we are operating within a defined range. The immediate resistance level to monitor is 150.31, which marked the recent high of the day range (149.34 — 150.31). On the support side, 149.34 is the immediate floor. Broader, more significant levels are established at 155 for resistance and 145 for support, indicating the wider boundaries of this consolidation phase. The market has seen a modest 2