USD/JPY, Technical Analysis – H1

The pair has confirmed a breakdown of the uptrend by trading below the short-term trend line. Before the main bearish phase toward support at 161,100, a retest of resistance at 161,800 cannot be ruled out.

Key Levels:

□ 161,800 (resistance)

□ 161,100 (support)

Primary Scenario:

Pullback to 161,800, followed by a decline toward 161,100.

Alternative Scenario:

Direct decline toward 161,100.

Analyst Commentary:

A wait-and-see approach may cause you to miss a profitable trade, but it will significantly reduce the required stop-loss size.