USD/JPY, Technical Analysis – H1
The upside potential remains intact, although the market often struggles to sustain such intense and rapid trends.
The upside potential remains intact, although the market often struggles to sustain such intense and rapid trends. We expect the bulls to reach the next psychological round level at 162.00 before taking profits, which should bring the pair back to the initial zone around 161.30.
Key Levels:
□ 161.30
□ 162.00
Primary Scenario:
Rise toward 162.00, followed by a corrective pullback to 161.30.
Alternative Scenario:
Breakout and consolidation above 162.00.
Analyst Commentary:
A convenient setup for trading both directions.
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.