USD/JPY, Technical Analysis – H4
The pair’s trading range continues to tighten sharply. There is still enough room left for today’s session.
The pair’s trading range continues to tighten sharply. There is still enough room left for today’s session, so this narrowing may persist. A breakout impulse could coincide with heightened volatility in EUR/USD.
Key Levels:
□ 162,100 (lower boundary)
□ 162,400 (upper boundary)
Primary Scenario:
Continuation of consolidation within the 162,100–162,400 range.
Alternative Scenario:
Sharp breakout beyond the 162,100–162,400 range, followed by a strong directional impulse.
Analyst Commentary:
No clear directional bias for today; monitor for a decisive breakout on increased volume.
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.