USD/JPY, Technical Analysis – H1
Another bullish continuation pattern is forming — a classic “Bull Flag.”
Another bullish continuation pattern is forming — a classic “Bull Flag.” This setup suggests a potential upward move equal to the height of the flag (approximately 100 pips), targeting the 164,700–165,500 zone.
Key Levels:
□ 164,700 (initial upside target)
□ 165,500 (extended target)
Primary Scenario:
A strong bullish impulse toward 164,700. Realization of the move may be delayed until Monday due to the weekend.
Analyst Commentary:
Trend continuation patterns are consistently more reliable than counter-trend setups. “The trend is your friend.”
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.