USD/JPY, Technical Analysis – H4
Although the overall downward trend reversal was confirmed last week, the market has chosen a consolidation scenario within a triangle to accumulate momentum before the primary move.
Although the overall downward trend reversal was confirmed last week, the market has chosen a consolidation scenario within a triangle to accumulate momentum before the primary move. Consequently, we can expect a test of the upper boundary of the range near 162,600, followed by a decline toward 161,600.
Key Levels:
□ 162,600 (key resistance / triangle upper boundary)
□ 161,600 (key support)
Primary Scenario:
Rise to 162,600, followed by a decline to 161,600.
Alternative Scenario:
Narrower intraday consolidation range (162.00–162.600).
Analyst Commentary:
Selling from the upper wall of the triangle (162,600) looks promising both for intraday trades and in the medium-term outlook.
Nikolai Krishtopov ialah Penganalisis Pasaran di Investizo dengan lebih 15 tahun pengalaman dalam industri pasaran kewangan dan lebih sedekad pengalaman berdagang. Bidang tumpuannya merangkumi pasaran forex dan kripto, analisis teknikal, dagangan intraday serta gelagat pasaran.