USD/JPY, Technical Analysis – H4

The bullish trend has ignored any potential signs of buyer exhaustion. As a result, the strong advance has continued with impressive momentum. The key support levels are currently at 162.300 and 162.200, where demand is likely to appear. Only a decisive move below 162.200 would seriously question the upside potential of the uptrend.

Key Levels:

□ 162.200 (critical support)

□ 162.300 (immediate support)

□ 163.00 (next target)

Primary Scenario:

Continuation of the uptrend toward 163.00, potentially preceded by a test of 162.300.

Alternative Scenario:

Deeper retracement to 162.200, followed by a renewed bullish phase.

Analyst Commentary:

The trend is your friend. This pair continues to demonstrate that timeless trading truth in excellent form.