USD/JPY, Technical Analysis – H1
A bullish continuation pattern (“bull pennant”) has formed, suggesting further upside momentum.
A bullish continuation pattern (“bull pennant”) has formed, suggesting further upside momentum with a potential move of around 70 pips toward the 163,900–164,000 zone.
Key Levels:
□ 163,900 (immediate target)
□ 164,000 (key resistance)
Primary Scenario:
Continued growth toward 163,900–164,000.
Alternative Scenario:
Consolidation at current levels in preparation for the next bullish impulse.
Analyst Commentary:
The overall setup looks clearly bullish and favors further upside.
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.