USD/JPY, Technical Analysis – H1
03.08.2026 12:36
Harian
Teknikal
The pair continues to collapse after the historic intervention by the Bank of Japan. The key resistance for a possible recovery is currently the 157.500–157.600 area: if the bulls manage to consolidate above it, the previous efforts of the bears could be quickly neutralized. However, it is still premature to talk about this, and the risks of a deeper decline also remain.
Primary Scenario:
A pullback to 157.500–157.600, followed by a new decline toward 157.000.
Alternative Scenario:
A breakout above 157.500–157.600 and a rise toward 158.000.
Analyst Commentary:
Buyers have a chance against the backdrop of a reverse short signal on the EUR/USD pair.