USDJPY Maintains Uptrend Strength with Sustained Institutional Demand Flow

Market Analysis – November 19

USDJPY maintains uptrend strength with sustained institutional demand flow. The USDJPY pair continues to demonstrate a well-defined bullish trajectory, with price action consistently trading above the 9-day SMA and maintaining strong alignment with upward-leaning momentum indicators. The daily MACD remains in positive territory, illustrating steady buying interest and reinforcing the constructive bias across higher timeframes. This confluence of trend and indicator behavior affirms a market structure where bullish participation remains dominant and sustained.

USDJPY Key Levels

Supply Levels: 154.800, 158.880
Demand Levels: 146.600, 139.880

USDJPY Long-Term Trend: Bullish

Technically, the pair has respected its ascending trendline while forming successive higher lows, signaling disciplined accumulation by market participants. The recent rebound from the previously highlighted bullish breaker block around 148.80 acted as an efficient springboard for continuation, validating that zone as a key demand threshold. Price has now cleared intermediate resistances with relative ease, indicating that buyers remain in firm control and are comfortable absorbing short-term pullbacks.

Looking ahead, the market retains capacity for further appreciation toward the 158.80 resistance zone as long as price holds above the 154.60 structural support. A sustained daily close above current highs would likely catalyze an expansion phase targeting higher liquidity pools. Unless sellers reclaim territory below the ascending trendline, the broader outlook favors continued upside progression into premium price levels.

USDJPY Short-Term Trend: Bullish

USDJPY maintains a constructive bullish tone as price stabilizes above the 4H order block near 154.80. The pair continues to trade above the 9-period SMA, confirming sustained upside momentum.

Recent higher lows signal strong buyer commitment, keeping the structure aligned with an upward trajectory. A clean rebound from the 154.80–155.00 zone could accelerate price toward the 157.00 region in the near term.

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