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.
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.
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.