USD/JPY, Technical Analysis – H1

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.”