USD/JPY, Technical Analysis – H1
USD/JPY continues its upward trend within the expanding megaphone pattern on the H1 chart, with upside potential focused on the 164.200–164.500 zone.
Our assessment yesterday regarding the relevance of the expanding megaphone pattern has proven correct: despite a relatively deep and volatile correction, the pair has maintained and continued its upward trend. Upside potential within this pattern lies in the 164.200–164.500 zone.
Key Levels:
□ 164.200
□ 164.500
Primary Scenario:
Further advance of the quotes toward the 164.200–164.500 area.
Alternative Scenario:
Additional consolidation at current levels.
Analyst Commentary:
Only long positions should be considered.
Nikolai Krishtopov es analista de mercado en Investizo, con más de 15 años de experiencia en el sector de los mercados financieros y más de una década de experiencia operando. Sus áreas de interés incluyen los mercados de forex y criptomonedas, el análisis técnico, el trading intradía y el comportamiento del mercado.