USD/JPY: Navigating Sideways Action for a Potential Long Reversal

Current Market Context and Technical Assessment

USD/JPY is presently trading at 149.42, exhibiting a largely sideways trend over the last 24 hours within a narrow range of 149.3 to 149.54. This tight consolidation often precedes a directional move, and my analysis points towards a potential upward resolution. From a technical perspective, the immediate support level at 149.3 has demonstrated resilience, and the price action suggests accumulation around this area. While the immediate resistance stands at 14