USDJPY Surges Beyond Resistance Zone

USDJPY sustained its bullish momentum, preserving its upward market structure following a reversal at 147.050. Despite encountering multiple supply zones, the pair has consistently demonstrated strength, pushing through previous resistance levels.

Demand Level: 152.990, 159.410, 147.050

Supply Levels: 160.100, 165.000, 170.000

USDJPY formed a bullish reversal pattern—a reverse head and shoulders—which ignited its current uptrend. After reaching a key resistance at 149.410 in October, the ascent slowed with a consolidation phase, yet the pair ultimately breached this level. Price action showed sideways movement with marginal gains until it decisively broke through the resistance zone.

Recently, the price reached a new key level at 152.990, initially pulling back as it encountered resistance. This retracement, however, did not disrupt the bullish structure, as no significant lows were taken out. The 9-period moving average continues to offer solid support, reinforcing the pair’s bullish momentum.

On the 4-hour chart, USDJPY’s path to breaking through the 152.990 supply zone is clear. A retracement into a lower-timeframe order block below 152.990 created the necessary support for the bullish continuation. This breakout provides a strong confirmation of the trend, suggesting further movement toward new supply zones and reinforcing bullish forex signals for upcoming trading sessions.