USD/JPY, Technical Analysis – H1

The pair is in the final stage of a corrective consolidation. Bullish momentum is virtually absent, confirming continued bearish dominance. A break below support at 157.500 is expected to trigger an impulsive decline toward a new low in the 156.500 area.

Key Levels:

□ 1. 158.500 – resistance

□ 2. 157.500 – support

□ 3. 156.500 – downside target

Primary Scenario:

Pullback to 158.500, followed by a reversal lower.

Alternative Scenario:

Decline from current levels.

Analyst Commentary:

Downside potential stands at approximately 200 pips, offering an attractive setup for sellers.