USD/JPY, Technical Analysis – H4

The uptrend remains intact, although the market may require some consolidation around 162,600, a level where strong resistance was previously seen. If bears fail to break this area, further growth toward 163,000 becomes highly likely.

Key Levels:

□ 162,600  

□ 163,000  

Primary Scenario:

Consolidation ahead of a move toward 163,000.

Alternative Scenario:

Direct rise to 163,000 and higher.

Analyst Commentary:

Additional confirmation of sustained buying pressure at 162,600 will be needed before expecting the next upward leg.