USD/JPY, Technical Analysis – H1

The pair is in an extreme consolidation phase, squeezed between strong resistance at 161.800 above and a steep trendline below. This setup suggests an imminent downward trend reversal, with the price likely declining toward 161.000.

Key Levels:

□ 161.800 – Strong resistance

□ 161.000 – Key downside target

Primary Scenario:

Decline from 161.800 toward 161.000.

Alternative Scenario:

Breakout above 161.800 with follow-through above 162.000.

Analyst Commentary:

High probability of bearish resolution.