USDJPY remains above both EMAs on H1 after breaking out from the 158.90–159.00 range, showing that buyers still control short-term momentum.
However, price has started slowing near 159.35–159.40 as the market becomes more cautious ahead of the psychological 160.00 level and possible intervention risks from Japan.
Trade Plan
Buy setup: wait for a pullback toward 159.15–159.05. If buyers defend this area clearly, targets are 159.40–159.50.
Continuation target: if momentum remains strong, price may extend toward 159.65–159.70.
Avoid chasing longs near 160.00 because intervention risk and profit-taking pressure could increase sharply.
Invalidation: if USDJPY loses 159.05 clearly, short-term bullish momentum weakens.
However, price has started slowing near 159.35–159.40 as the market becomes more cautious ahead of the psychological 160.00 level and possible intervention risks from Japan.
Trade Plan
Buy setup: wait for a pullback toward 159.15–159.05. If buyers defend this area clearly, targets are 159.40–159.50.
Continuation target: if momentum remains strong, price may extend toward 159.65–159.70.
Avoid chasing longs near 160.00 because intervention risk and profit-taking pressure could increase sharply.
Invalidation: if USDJPY loses 159.05 clearly, short-term bullish momentum weakens.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.