USD/JPY, Technical Analysis – H4

The downside scenario has been confirmed. After a brief technical correction to absorb short-term profit-taking, further decline toward the 161,000 and 160,200 levels is expected.
Key Levels:
□ 161,000 — intermediate target
□ 160,200 — key downside target
Primary Scenario:
Continuation of the decline toward 161,000 and 160,200.
Alternative Scenario:
Transition to flat consolidation ahead of the weekend.
Analyst Commentary:
We are considering downside trades only.