USD/JPY, Technical Analysis – H1
The anticipated decline has unfolded almost perfectly. Congratulations to those who managed to identify its development alongside us earlier this week. The only major liquidity pool yet to be swept remains in the 159.45 area, making it a likely downside target over time. However, with the typical "Friday factor" in play, the market may choose to pause before making its next move toward that objective.
Key Levels:
▫️ Liquidity Target: 159.45
▫️ Resistance: Current intraday recovery zone
▫️ Trend: Bearish
Primary Scenario: Continuation of the decline toward 159.45.
Alternative Scenario: A corrective rebound and consolidation phase ahead of the weekend market close.
Analyst Commentary: Initiating new short positions at current levels is not recommended. Waiting for a corrective pullback may provide a more attractive risk-to-reward profile.