USD/JPY Technical Analysis – H4
USD/JPY preserves its bullish structure on H4 while forming a flag pattern. A pullback to 163.300 is favored before continuation higher, though the FOMC decision could trigger heightened volatility and potential trend disruption.
The pair continues to maintain its upward structure, currently forming a classic bullish flag. However, the trendline has yet to be tested, which keeps the probability of a pullback toward the 163.300 area intact. This zone is expected to attract the strongest buyer interest. At the same time, a potential break of the trend cannot be ruled out today if the FOMC delivers a surprise rate decision.
Key Levels:
□ 1. 164.000 – primary upside target
□ 2. 163.300 – key pullback support / buyer zone
□ 3. 162.000 – alternative downside objective
Primary Scenario
Pullback to 163.300, followed by a rebound toward 164.000.
Alternative Scenario
Decline toward 162.000.
Analyst Commentary
The bullish scenario remains the more probable outcome, yet today’s session is likely to feel more like a lottery. Reduce position sizes and manage risk carefully.
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.