USD/JPY, Technical Analysis – H4

The pair continues to consolidate inside a narrowing triangular pattern between 162,000 and 162,400. It is likely to remain within this range for several more trading sessions. Given the yen’s safe-haven status, the direction of the eventual breakout from the triangle will largely depend on how investors assess the dollar’s strength amid the US-Iran geopolitical tensions.

Key Levels:

□ 162,000 — lower boundary of the triangle

□ 162,400 — upper boundary of the triangle

Primary Scenario:

Continued sideways consolidation (flat) within the 162,000–162,400 range.

Analyst Commentary:

The pair is not inherently highly volatile, which makes trading inside the triangle вполне acceptable for range-bound strategies.