USD/JPY Technical Analysis: 1-Hour Chart Breakdown

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY has experienced a violent, bearish rejection at the major psychological resistance level of 160.0000. This single, high-volatility 1-hour candle has completely erased the previous two days of steady gains, breaking cleanly below the immediate 159.7500 pivot zone and aggressively piercing the upward-sloping 48-period Simple Moving Average. While the long lower wick indicates that some buying liquidity is being tapped below the current price of 159.639, a decisive close below the 48 SMA would shift short-term control entirely to the bears, opening the path for a further downside extension toward structural support at 159.3000 and potentially the major range base at 159.1000.



Further elevation in volatility may occur, as discussed in one of our recent outlooks.
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