USD/JPY, Technical Analysis – H1
28.07.2026 11:31
Intradía
Técnico
Our assessment yesterday regarding the relevance of the expanding megaphone pattern has proven correct: despite a relatively deep and volatile correction, the pair has maintained and continued its upward trend. Upside potential within this pattern lies in the 164.200–164.500 zone.
Key Levels:
□ 164.200
□ 164.500
Primary Scenario:
Further advance of the quotes toward the 164.200–164.500 area.
Alternative Scenario:
Additional consolidation at current levels.
Analyst Commentary:
Only long positions should be considered.