$USDJPY USDJPY is trading around 159.09 and still showing short-term bullish pressure after recovering strongly from the recent dip around 158.61. Price is currently holding above the major moving averages, which suggests buyers still have some control.

Key observations:
• Price remains above MA5, MA10, and MA30 a sign of short-term upward momentum.
• Resistance is sitting around 159.25 (today’s high). A clean break above this zone could open room for another push upward.
• Immediate support appears around 158.90–158.80. Losing this level may trigger another retest lower.
• MACD looks relatively flat, showing momentum is slowing and the market may enter consolidation before the next move.

Possible scenarios:
Bullish case: Holding above 158.90 and breaking 159.25 could continue the upward structure.

Bearish case: Failure to hold current levels may bring price back toward 158.75–158.60.

Current sentiment: Neutral → Slightly Bullish while price stays above support.

Trade carefully and wait for confirmation instead of chasing candles.

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