USD/JPY, Technical Analysis – H1
The pair continues to consolidate inside an extremely narrow triangular range, with progressively less room remaining.
The pair continues to consolidate inside an extremely narrow triangular range, with progressively less room remaining. This signals an imminent volatility surge and a breakout from the corridor. Based on the formed “Double Top” pattern, we anticipate a downside breakout.
Key Levels:
□ 161,200–161,300 – primary downside target
□ Current triangular range – key consolidation zone
Primary Scenario:
Decline toward 161,200–161,300.
Alternative Scenario:
Continued accumulation of potential within the consolidation range.
Analyst Commentary:
The downside signal is not yet confirmed; however, the attractive risk-to-reward ratio supports considering short positions.
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.