USD/JPY, Technical Analysis – H4
USD/JPY remains under bearish pressure after confirming its downside scenario, with the focus shifting to lower support levels following a brief corrective rebound.
The downside scenario has been confirmed. After a brief technical correction to absorb short-term profit-taking, further decline toward the 161,000 and 160,200 levels is expected.
Key Levels:
□ 161,000 — intermediate target
□ 160,200 — key downside target
Primary Scenario:
Continuation of the decline toward 161,000 and 160,200.
Alternative Scenario:
Transition to flat consolidation ahead of the weekend.
Analyst Commentary:
We are considering downside trades only.
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.