USD/JPY, Technical Analysis – H1

The downside reversal scenario has not yet been activated, although it remains relevant (at least until the most recent high is updated). Once a sufficient trigger for decline emerges, we can expect the pair to reach the area around 161.550.

Key Levels:

□ 161.550 (target)

Primary Scenario:

Decline toward 161.550.

Alternative Scenario:

Further consolidation before the resumption of the downward move.

Analyst Commentary:

The medium-term target could prove significantly more ambitious, which is worth evaluating on higher timeframes.