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Usdjpyidea

USD/JPY Rebounds from Key Support – Eyes on 150.035 Target Support Zone: The price is currently respecting a strong support area between 144.459 - 145.101. This zone aligns closely with the 200 EMA (145.101), increasing its validity. EMAs: 50 EMA (146.059) is slightly above the current price. 200 EMA (145.101) is acting as dynamic support. Price is currently trading just above the 200 EMA and below the 50 EMA — a neutral-to-bullish bias, especially since it bounced off support. Bullish Signal: The price has rejected the support zone and is attempting to break higher, supported by the bullish arrow projection. Target Point: Clearly marked at 150.035, which is a previous resistance level. This gives a potential upside of around 460 pips from the support area. 🧭 Trade Idea (if bullish bias is maintained) Entry: Around 145.40–145.10 (current area) Stop Loss: Below 144.459 (support base) Take Profit: Around 150.035 Risk-Reward: ~1:3 or higher, depending on exact entry/exit. ⚠️ Caution Watch for resistance at 146.059 (50 EMA); a clean break and retest would further confirm upside potential. If price closes below 144.459, bullish invalidation could lead to a deeper correction
Long
by MrStellanSight
USD/JPY Bullish Setup – Demand Zone Buy Opportunity Toward 151.5🔍 Chart Overview (4H Timeframe): Currency Pair: USD/JPY Trend: 📈 Uptrend EMA 70: 🔴 (144.776) – Price is trading above it = Bullish Bias --- 🟦 Demand Zone 📌 Zone: 144.804 – 146.324 💡 What it means: Strong buying interest expected here 🟢 Support line + EMA = Confluence zone! --- ✅ Entry Point: 📍 Between: 146.324 – 146.423 🎯 Best area for long (buy) position 📊 Wait for a pullback to this area before entering --- ❌ Stop Loss: 📉 Below demand zone 🔻 Range: 144.705 – 144.776 🛡️ Helps protect against unexpected drop --- 🎯 Target Point: 📈 151.500 🟩 Big reward area 🔥 Previous resistance zone = Ideal profit-taking point --- 🧭 Summary: ✅ Entry: 146.324 ❌ Stop: 144.776 🎯 Target: 151.500 Risk-to-Reward: Excellent!
Long
by Jameshead007
USD/JPY4H Analysis:Demand Zone ReTest Before Bullish Continuatio1. Trend Channel 🔼 Uptrend: The pair is moving inside an ascending channel. ▪️ Support: Lower boundary of the channel. ▪️ Resistance: Upper boundary of the channel. 2. Recent Price Action 🔴 Pullback: After reaching the top at 146.199, price is retracing. 📉 Price is now heading toward the Demand Zone. 3. Demand Zone 🟦 Demand Zone (142.405 – 143.180): This zone could act as a strong support Buyers might step in here Watch for bullish patterns or rejections around this area 4. EMA 70 📏 EMA 70 (143.568) is slightly below current price (143.949) — this may offer temporary support/resistance. 5. Target 🎯 Target Point: 146.194 If price bounces from demand zone, this is the next bullish target. Possible Scenario 1. 🔽 Price dips into the Demand Zone 2. 🟢 Bullish bounce → Confirm with candlestick signals 3. 🚀 Upside move targeting 146.194
Long
by Jameshead007
USDJPY Cup & Handle – Eyes on 147.883Entry Point: 143.525 (unchanged) Stop Loss: 141.847 (unchanged) Target Point One (TP1): 145.063 (unchanged) Final Target (TP2): Now refined to 147.883 instead of 147.894 — a small, precise update. 📈 Pattern and Structure: Cup-and-handle formation still intact, indicating a continuation pattern. Support confirmation at the 143.5 zone, showing a potential base for a bullish reversal. The chart shows strong upside projection toward the resistance band near 147.8–148.0, highlighted with the upper purple zone. 📊 Risk-Reward Profile: Risk (Entry to SL): 143.525 – 141.847 = 1.678 Reward (Entry to TP2): 147.883 – 143.525 = 4.358 Reward-to-Risk Ratio: 4.358 / 1.678 ≈ 2.6R — a favorable risk/reward setup. 🧠 Trade Notes: Entry is slightly above a demand zone. First target is conservative, near a known resistance. Final target aligns with prior highs and the broader ascending wedge’s upper bound. Timing suggests the bullish push may unfold over the next few sessions (likely May 6–8 range, as curved arrow indicates a rounded retest/bounce scenario)
Long
by EA_GOLD_MAN_COPY_TRADE
USD/JPY) bearish Technical AnalysisHELLO 👋 Dear friend USD JPY Traders Technical Analysis represents a bearish analysis setup on the USD/JPY 1-hour timeframe, with the following key elements: 1. Ascending Channel: Price was previously moving inside an ascending channel, indicating bullish momentum. 2. CHoCH (Change of Character): A break below the channel support and structure level, marked as a change in market direction (from bullish to bearish). 3. Support Level: The price is currently testing a support zone around 142.400. The annotation suggests, "IF BREAK OUT", meaning a break below this support could trigger further downside. 4. Bearish Target: If support breaks, the projection is for the price to drop to the 139.872 zone, marked as "POINT". 5. EMA Bearish Crossover: The 50 EMA (red) has crossed below the 200 EMA (blue), adding confluence to the bearish bias. Idea Summary: Short Bias: Upon confirmation of the support level break (below 142.400). Target: Around 139.872. Confirmation: Look for bearish price action or retest/rejection from the support-turned-resistance area.
Short
by CRADLE_King
1
USD/JPY) Bullish trand analysis Read The ChaptianSMC Trading point update Technical analysis of USD/JPY on the 2-hour timeframe, and it presents a bullish continuation setup. Here's a breakdown of the key elements and the idea behind the analysis: --- 1. Ascending Channel Formation The price is trading within an ascending channel, suggesting a controlled uptrend. Higher highs and higher lows confirm the trend structure. 2. Key Support and Fair Value Gap (FVG) There’s a well-identified support level where price has bounced before (highlighted in yellow). A Fair Value Gap (FVG) zone is marked slightly above the support level, which could act as a short-term demand area. Price is currently pulling back into this zone, potentially setting up a buying opportunity. 3. EMA 200 Support The 200 EMA (~143.78) is acting as dynamic support just below the current price. If price drops further, this level may offer strong technical support. 4. RSI Momentum RSI is above 50 (currently 56.37), supporting the bullish trend and showing room for continued upside. 5. Target Point The chart anticipates a bounce off the support/FVG zone and a rally toward the upper boundary of the channel, targeting 147.153. Mr SMC Trading point --- Summary of the Idea: This is a bullish continuation setup within an uptrend channel. The analyst expects a potential long entry around the FVG/support zone, with a target at the channel top (147.15). Confluence from the EMA 200, RSI, and previous structure supports this bullish bias. Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
USD/JPY Bearish Breakdown: Trendline Breach and Retest TargetingChart Breakdown: 1. Rising Channel ⬆️ Uptrend inside a channel marked by a support line Price moved up steadily within the boundaries Support line = channel bottom (🔵 Blue line) 2. Trendline Breakout ⚠️ Bearish breakout occurred when price broke below the support This is a sell signal as it invalidates the upward trend. 3. Retest Zone (Resistance) After the breakout, price came back to test the previous support — now resistance 🔄 Retest happened inside the blue box zone This zone is crucial — if price fails here, it confirms resistance. 4. EMA 70 (Exponential Moving Average) 🔴 Red curve = EMA 70, currently above price This suggests downward momentum is building. 5. Target Point 🎯 Target = 139.869 Based on projected move from the breakout 🔽 Bearish target shown by vertical arrow. Summary : Trendline break: ✂️⬇️ Retest at resistance: 🔄❌ EMA direction: 🔴↘️ Final target: 🎯139.869 Current mood: 🐻 Bearish Bias
Short
by Jameshead007
USD/JPY) bullish trend analysis Read The ChaptianSMC Trading point update Technical analysis of USD/JPY chart shows a bullish reversal setup. Here’s a breakdown behind the analysis: 1. Downtrend & Channel Breakout: Price was trending downward within a descending channel (marked “channel trend”). Recently, the price broke out of the channel, signaling a potential trend reversal. 2. Demand Zone (Diamond Zone): The yellow box labeled “Diamond Zone” represents a demand/support zone where price previously found buyers. A retest of this zone is expected before the bullish move. 3. EMA (200): The EMA (200) is currently above the price but close. A break above this level (142.522) could add to bullish momentum. 4. RSI Indicator: RSI is showing a bounce off a mid-level (~50), suggesting bullish momentum is gaining. 5. Target Level: The analysis targets 147.838, which aligns with a prior resistance zone. The move projects a 5.19% gain (~778.5 pips) from the current setup. Trading Idea Summary: Entry: Around the “Diamond Zone” after a successful retest. Confirmation: Watch for bullish candlestick patterns or a break above EMA 200. Target: 147.838 Stop Loss (implied): Below the Diamond Zone (~140.000) Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
"USD/JPY Supply Zone Short Setup | High R:R Trade Plan (1H Chart📉 Short (Sell) Setup 🔵 Supply Zone (Resistance Area) Marked in the blue box ⚠️ Price may reverse here Sellers dominated this area before. 🔄 Expected behavior: Price goes up to the zone and then drops ➡️🔼🔽 🔹 Entry Point: 142.841 ✍️ Enter a sell trade here Right in the supply zone. 🔴 Stop Loss: 143.371 ⛔ Placed above the supply zone To avoid stop hunts. 🟣 Target Point: 140.000 🎯 Take profit here Strong support level Good place to close the trade. ⚖️ Risk to Reward Ratio ❗ Risk: ~53 pips ✅ Reward: ~284 pips ⭐ R:R = 1:5.4 – Excellent setup! 📈 EMA (7) Current price is below the EMA Confirms bearish bias 🧭 Used as a trend guide. Summary 🚨 Plan: Wait for price to enter the supply zone Enter a sell at 142.841 SL at 143.371 ⬆️ TP at 140.000 ⬇️
Short
by Jameshead007
USD/JPY Bullish Reversal Setup – Long Entry at 141.964 Targeting ahemdsaeed25: USD/JPY Long Setup – Eyeing 150.537 Target" "Potential Bullish Reversal on USD/JPY" "Swing Trade Alert: USD/JPY Long from 141.964" "USD/JPY Breakout Play – Buy Zone Identified" Let me know your tone preference (technical, casual, professional, etc.) and I can tailor the title further. ahemdsaeed25: This chart is for the USD/JPY (U.S. Dollar / Japanese Yen) pair on the 1-hour timeframe, and it's displaying a bullish setup with a clear trade idea. Here's a breakdown of the analysis: Key Components: Current Price: Around 142.574. Entry Point: 141.964 Stop Loss: 140.547 Take Profit / Target Point: 150.537 Reward-to-Risk Ratio: Favorable (approximately 5.94% upside, large potential move). Indicators: EMA 50 (Red Line): 142.798 — acting as near-term dynamic resistance. EMA 200 (Blue Line): 144.699 — major resistance and a trend filter (downward trend visible). Zone Analysis: Support Zone (Purple Box near 141.964 - 140.547): This is the accumulation/buy zone.
Long
by EA_GOLD_MAN_COPY_TRADE
USD/JPY Bullish Breakout Setup – Entry, Stop Loss & Target AnalyPair: USD/JPY Timeframe: 15 minutes Indicators Used: EMA (30-period) – Red line EMA (200-period) – Blue line Chart Features: Downward channel (declining trendline) Identified entry point, stop loss, and target Key support/resistance zones shaded in purple 🟢 Trade Idea Summary: 🔹Entry Point: 143.126 🔹Stop Loss: 142.702 🔹Target (Take Profit): 148.249 🔹Risk/Reward Ratio: ~1:5 (Excellent R/R) 🔍 Technical Analysis: ✅ Bullish Breakout Signal Price has broken above the descending channel and has retested the breakout area (highlighted purple zone) – a classic bullish breakout structure. The breakout retest near 143.126 is acting as support, with potential to launch a new bullish move. 📈 Moving Average Analysis EMA 30 is starting to flatten and curve up – indicating potential shift in momentum. EMA 200 is still above price, but a breakout above it could strengthen the bullish case. 🔁 Support and Resistance Strong support zone around 143.000 – 143.200 area (highlighted zone). Major resistance and target zone is between 148.000 – 148.250. 🔔 Trade Plan Suggestion: Go Long at or near 143.126 Place Stop Loss below support at 142.702 Target 148.249 for profit Reasoning: This setup offers a trend reversal potential from a downtrend to uptrend, with a clean breakout-retest-confirmation pattern. The wide take profit range gives room for extended upside as momentum builds. ⚠️ Watch For: Reaction to the 144.325 (EMA 200) level Increased buying volume to confirm breakout Any re-entry into the channel (would invalidate setup)
Long
by EA_GOLD_MAN_COPY_TRADE
2
USD/JPY) bullish trend analysis Read The ChaptianSMC Trading point update This chart is an analysis of the USD/JPY currency pair on a 2-hour timeframe, and it presents a possible bullish scenario. Here’s a breakdown of the idea: --- Key Points of the Analysis: 1. Support Level & Change of Character (ChoCH): Price found strong support around 144.556. A ChoCH (Change of Character) is noted, indicating a potential shift from a bearish to a bullish trend. 2. Bullish Reversal Setup: The price is forming higher lows, suggesting the start of a "New Up Trend". There's a clear zig-zag bullish projection, suggesting potential long opportunities. 3. Target Zones: The first target point is in the range of 149.692 – 150.493. This area is also marked with a resistance zone, making it a logical TP (Take Profit) level. 4. Risk/Reward Ratio: The risk is around -3.75% (-564.8 pips), and the reward is around +3.94% (+569.2 pips), suggesting a 1:1.05 R/R ratio. 5. RSI Indicator (Below): RSI is showing a bullish divergence (price made lower lows while RSI made higher lows). This divergence supports the idea of a possible bullish reversal. 6. 200 EMA: The 200 EMA is at 148.767, acting as a dynamic resistance. Price may react around that level before hitting the final target zone. Mr SMC Trading point --- Conclusion: This analysis suggests a potential long trade setup on USD/JPY based on: A support zone, Bullish RSI divergence, Market structure shift (ChoCH), And projected movement toward 149.692–150.493. Idea: Buy near the support zone (~144.556) and target the resistance zone (~150.493) while managing risk carefully. --- Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
USD/JPY) Bullish reversal analysis Read The ChaptianSMC Trading point update This chart is for USD/JPY on the 1-hour timeframe, and it presents a bullish trade setup. Let’s break down the idea --- Key Observations: 1. Current Price: USD/JPY is trading around 146.281. 2. Overall Bias: Bullish setup expecting a bounce from demand into a higher target zone. 3. EMA 200: Price is currently below the 200 EMA (147.942), which usually suggests a bearish trend — but this setup is aiming for a short-term bullish retracement. 4. Demand Zone (Buy Area): Marked in yellow between 145.822 and slightly above. Labeled as "FVG orders" (Fair Value Gap), suggesting institutional interest or imbalance fill. 5. Trendline Support: The price is approaching a rising trendline, adding confluence for a potential bounce. 6. Expected Move: Price is expected to bounce from the demand zone, form a higher low, and then move up toward the target zone at 148.221. Two upside targets are drawn: First Move: ~1.12% (30.6 pips) Full Target: ~1.76% (256.1 pips) Mr SMC Trading point 7. RSI (Relative Strength Index): RSI is around 37.66, nearing oversold territory, supporting a bullish reversal idea. --- Trade Idea Summary: Bias: Bullish Entry Zone: Around 145.822 (fair value gap & trendline support) Target Zone: 148.221 Stop Loss: Likely just below the demand zone or trendline Confluence Factors: Trendline support RSI nearing oversold Fair value gap zone EMA 200 overhead (target acts as resistance) --- Pelas support boost 🚀 analysis follow
Long
by SMC-Trading-Point
USD/JPY 4H Chart Analysis:Trend Break & Support-Based Long Setup1. Previous Uptrend Channel 📈 Price moved in a rising channel Lower trendline acted as support ✅ Then came the trend line break ⚠️ — signal of trend reversal 2. Major Drop 🔻💥 After breaking support, the price fell sharply Strong bearish momentum took over Sellers dominated the market 3. Support Zone Identified 🟦 Support Box (146.110 - 145.156) Buyers stepped in at this level Possible bounce or consolidation Price currently at 147.014 — just above support 4. Trade Setup Idea 🛒 Buy Opportunity (if price holds support) 📌 Entry Zone: Around 146.110 🎯 Target: 150.260 🛑 Stop Loss: 145.156 📊 Risk:Reward = ~1:2 — solid R:R setup! 5. Indicators & Confirmations 🟠 DEMA (9): Sitting at 146.110 — aligns with support! ✅ Extra confluence for the bounce! Summary If price holds above support: Buyers might push toward 150.260 If it breaks below 145.156: Sellers may regain control
Long
by Jameshead007
1
USD/JPY Bullish Reversal: Order Block & EMA 200 TargetSMC Trading point update This chart presents a technical analysis of USD/JPY on the 1-hour timeframe. The key insights from this analysis are: 1. Order Block & Potential Reversal The price has dropped significantly and reached a highlighted order block zone (a key demand area). A potential inverse head and shoulders pattern is forming, indicating a possible bullish reversal. 2. Expected Bullish Movement The price is expected to bounce from the order block, creating a bullish structure. The projected move suggests a retracement toward a resistance zone, which aligns with previous price action. Mr SMC Trading point 3. Target Zone & EMA 200 The target zone is around 148.946 - 149.178, aligning with the 200 EMA, a significant resistance level. 4. RSI Indicator The RSI is currently low (~38.93), indicating potential for a reversal as the market may be oversold. Conclusion The chart suggests a bullish retracement after the recent drop, targeting the resistance zone near the 200 EMA. However, confirmation is needed (e.g., bullish price action, volume increase) before taking a trade. Keep an eye on fundamental news that may impact USD/JPY volatility. Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
USDJPY- ATTEMPTING TREND REVERSALSymbol - USDJPY CMP - 148.87 The USDJPY is currently in a corrective phase, retesting the previously breached downtrend boundary. The market is attempting to break this trend amidst a broader correction of the US dollar. The dollar is facing significant challenges due to various economic and geopolitical factors in the United States, coupled with persistently high inflation. In light of these conditions, the US dollar Index may continue to experience a deeper correction, as expectations for interest rate cuts could be extended, potentially exerting further pressure on the markets. Earlier, the currency pair attempted to overcome the resistance of the downtrend and succeeded, yet this move alone is insufficient to confirm a trend reversal; additional confirmation is required. Support levels: 148.92, 148.21 Resistance levels: 150.16, 150.95 If the bulls manage to maintain support above the 148.92 - 149.5 range, there is a promising opportunity for a potential trend reversal. A move towards the 150.16 resistance level, followed by a breakout and sustained price action above this level, would serve as confirmation of the trend shift.
Long
by akshit_official
USDJPY - POTENTIAL REVERSAL FROM KEY SUPPORT LEVELSSymbol - USDJPY CMP - 147.82 Following a significant decline in USDJPY, The price is approaching a strong support zone which is held since July 2024. The fundamental environment has been volatile recently, with a predominant influence from Trump's tariffs & US economic factors. Given the recent price action near support zone 148.00 - 147.00, there is a possibility that the pair could rebound from this level. The market’s current hesitation near this support zone suggests that the bulls may be preparing to defend this area. The aggressive sell-off in US dollar, while exerting downward pressure, is also at oversold levels & creating a scenario where a potential reversal could take place, supported by the decline of Japanese Yen. Should the price manage to hold above the 147.20 support, it could signal the reversal. From a technical perspective, there are two potential triggers on the chart: one signaling a buy and the other signaling a sell. However, given the prevailing global and local forex trends, the preference is to take a long position. Resistance levels: 148.85, 150.00 Support levels: 147.25, 146.90 At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach to 150.00 & 152.15 levels.
Long
by akshit_official
USDJPY - A REBOUND FOLLOWING DOLLAR STRENGTHSymbol - USDJPY CMP - 150.25 USDJPY pair is experiencing an upward movement in line with the performance of the US dollar. A temporary reversal is currently unfolding, driven by domestic political and economic factors in the United States. The price is consolidating in the range of 149.40 - 148.60 after a significant decline. This long-term consolidation is creating a reversal pattern, further supported by the reversal and strengthening of the US dollar. Consequently, the Japanese yen is losing ground. Key resistance is located at 150.30, should the bulls manage to maintain support above this level, there is potential for further price appreciation toward trend resistance in the short to medium term. Resistance levels: 150.30, 150.95 Support levels: 149.40, 149.15 At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach 152.30
Long
by akshit_official
USDJPY - RETEST OF RESISTANCE BEFORE FURTHER FALLSymbol - USDJPY The USD/JPY pair has disrupted the previous bullish market structure, with the U.S. dollar currently in a correction phase, which positively impacts the market. The pair is approaching a retest of the trendline that was recently broken, following a strong impulse move. On Thursday, the Japanese yen reached a 10-week high, causing the USDJPY pair to decline to 149.50 This move is attributed to increased demand for safe-haven assets amidst escalating trade tensions, driven by U.S. President Donald Trump's aggressive tariff policies. Additionally, the yen has gained further strength, bolstered by market expectations of a potential interest rate hike by the Bank of Japan, making the currency more attractive to investors. At present, attention is focused on the 0.5 Fibonacci retracement resistance zone at 150.95, as well as the previously broken upward support level. Key Support Levels: 149.50, 148.64 Key Resistance Levels: 150.95, 151.40 It is likely that the price will first test the previously broken support zone, now acting as resistance between 150.95 and 151.40, before any potential decline. A false breakout of these critical Fibonacci zones could lead to further downward movement in the pair.
Short
by akshit_official
USDJPY SHOWING A GOOD DOWN MOVE WITH 1:9 RISK REWARD USDJPY SHOWING A GOOD DOWN MOVE WITH 1:9 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the market which preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for break C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
5
USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD DUE TO THESE REASON A. its following a rectangle pattern that stocked the marketwhich preventing the market to move any one direction now it trying to break the strong resistant lable B. after the break of this rectangle it will boost the market potential for breakC. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward please dont use more than one percentage of your capitalfollow risk reward and tradeing rules that will help you to to become a bettertrader thank you
Short
by tradergyan01
USDJPY - TRADING AT SUPPORT LEVELSSymbol - USDJPY USDJPY has encountered support and appears to have staged a false breakdown of the lower boundary of the prevailing local trend. At present, the dollar is strengthening, which could present an opportunity for the currency pair to appreciate. The price is consolidating in a strong support zone, and the fundamental environment has been volatile recently, with a predominant influence from U.S. economic factors. Meanwhile, the prospect of interest rate hikes in Japan has largely been disregarded, with market participants focusing more on economic data from the West. From a technical perspective, there are two potential triggers on the chart: one signaling a buy and the other signaling a sell. However, given the prevailing upward global and local trends, the preference is to take a long position. Should the currency pair manage to secure a close above the 151.90 - 151.95 range, we can anticipate further upward movement towards the target levels shown on the chart in both the short and medium terms. Resistance levels: 151.95, 153.70, 154.00 Support levels: 151.00, 149.52 However, if the dollar continues its correction and the bulls fail to maintain the false support breakdown, a price return to 150.95 could trigger a support break, leading to a potential decline towards 148.60
Long
by akshit_official
4
USDJPY - RETEST OF SUPPORT BREAKDOWN. SELLING AHEAD?Symbol - USDJPY USDJPY is unable to maintain its uptrend for the time being. Speculation about potential actions from the Bank of Japan is expected to surface. Meanwhile, the US dollar continues to strengthen. The 158.45 level represents a significant resistance formed by bears, who are still exerting pressure on the market. This week, we anticipate active measures from the Bank of Japan, particularly an interest rate hike. While such actions are relatively rare, they could provide strong support for the currency pair. If Japan proceeds with this move, the pair may continue its correction from the 0.5 - 0.7 Fibonacci levels. In this case, key targets could include the zones at 153.25 and 152 Resistance levels: 156.55, 157.22 Support level: 155 A price drop below 155 could trigger aggressive selling. The rate decision in Japan is set for Friday, and until then, the price may remain in a consolidation phase.
Short
by akshit_official