USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Resistance Levels: Immediate at 156.56; next targets at 157.31.
- Support Levels: Immediate support at 154.11; additional levels at 153.29 and 152.62.
- Technical Indicators: RSI at 48 and 50 EMA at 154.87 indicate neutral momentum with a potential breakout on either side.
USD/JPY is trading at 155.08, down 0.22%, reflecting a modest pullback from recent highs. The pivot point at 155.86 is a critical level for bulls to reclaim in order to regain upward momentum. Immediate resistance stands at 156.56, followed by 157.31, while on the downside, support is seen at 154.11, with additional levels at 153.29 and 152.62 offering a cushion against deeper declines.
The 50-day EMA, currently at 154.87, aligns closely with the pair’s immediate support, reinforcing the importance of the 154.11 level. The RSI at 48 indicates neutral momentum, leaving room for either consolidation or a potential directional breakout based on upcoming market catalysts.
A break above the pivot point of 155.86 would signal bullish momentum, targeting resistance at 156.56 and 157.31. Conversely, a drop below immediate support at 154.11 could increase bearish pressure toward 153.29. Traders may consider an entry above 154.86, with a stop loss at 154.28 to mitigate downside risks. Profit targets can be set at 155.87 for a balanced risk-reward scenario.
In summary, USD/JPY is navigating a critical range, with near-term direction hinging on its ability to break above 155.86. Traders should monitor technical levels and market conditions closely for further cues.
USD/JPY - Trade Ideas
Entry Price – Buy Above 154.860
Take Profit – 155.877
Stop Loss – 154.278
Risk to Reward – 1: 1.7
Profit & Loss Per Standard Lot = +$1017/ -$582
Profit & Loss Per Mini Lot = +$101/ -$58
USD/JPY Price Analysis – Nov 21, 2024
Daily Price Outlook
During the European trading session, the USD/JPY pair struggled to reverse its downward trend, staying under pressure around 154.41 and hitting a low of 154.09.
The main driver behind this decline was the weakening US dollar, which lost momentum due to a positive shift in market sentiment.
However, the downtrend could be short-lived, as expectations grow that the Federal Reserve may take a less dovish stance in the coming months.
Moreover, the Japanese yen gained further strength as Bank of Japan Governor Kazuo Ueda refrained from commenting on immediate monetary policy but left the door open for a potential interest rate hike as early as next month.
This uncertainty, coupled with ongoing geopolitical tensions from the Russia-Ukraine conflict, continues to fuel demand for safe-haven assets like the yen, with fears of intervention playing a role. These factors together could keep the USD/JPY pair under pressure in the near term.
BoJ's Uncertainty and Geopolitical Risks Boost Safe-Haven Yen Demand
On the JPY front, Bank of Japan (BoJ) Governor Kazuo Ueda did not give any clear comments on the bank’s future monetary policy.
However, he did leave the door open for a possible interest rate hike as early as next month. This uncertainty about the BoJ's next move has kept investors on edge, especially since the central bank decides its policy based on the latest available data.
As a result, investors are now betting on a 50-50 chance that the BoJ will either raise rates by 25 basis points or keep them unchanged at its final policy meeting of the year on December 18-19. This has added to the pressure on the yen, with many seeing it as a safe-haven currency amid ongoing global risks.
In addition to the BoJ’s stance, persistent geopolitical tensions, particularly the worsening Russia-Ukraine conflict, are also supporting the yen. These risks make investors more likely to turn to safe-haven assets like the yen, increasing demand for the currency.
Meanwhile, reports suggest that Japan's government is considering an economic package worth ¥21.9 trillion to support the economy, which could have further effects on the yen's performance.
Therefore, the uncertainty around the Bank of Japan’s policy, along with ongoing geopolitical tensions, is likely to keep the yen in demand as a safe-haven currency. This could put further downward pressure on the USD/JPY pair, potentially pushing it lower.
USD/JPY – Technical Analysis
USD/JPY is trading at 155.08, down 0.22%, reflecting a modest pullback from recent highs. The pivot point at 155.86 is a critical level for bulls to reclaim in order to regain upward momentum.
Immediate resistance stands at 156.56, followed by 157.31, while on the downside, support is seen at 154.11, with additional levels at 153.29 and 152.62 offering a cushion against deeper declines.
The 50-day EMA, currently at 154.87, aligns closely with the pair’s immediate support, reinforcing the importance of the 154.11 level. The RSI at 48 indicates neutral momentum, leaving room for either consolidation or a potential directional breakout based on upcoming market catalysts.
A break above the pivot point of 155.86 would signal bullish momentum, targeting resistance at 156.56 and 157.31. Conversely, a drop below immediate support at 154.11 could increase bearish pressure toward 153.29.
Traders may consider an entry above 154.86, with a stop loss at 154.28 to mitigate downside risks. Profit targets can be set at 155.87 for a balanced risk-reward scenario.
In summary, USD/JPY is navigating a critical range, with near-term direction hinging on its ability to break above 155.86. Traders should monitor technical levels and market conditions closely for further cues.
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USD/JPY Price Analysis – Nov 14, 2024
Daily Price Outlook
During the European trading session, the USD/JPY currency pair extended its upward momentum, staying strong around the 155.99 level and reaching an intraday high of 156.15.
This bullish movement can be largely attributed to the strengthening US dollar, supported by upbeat US economic data and the continuation of the so-called “Trump trade.” Meanwhile, the Japanese yen remains under pressure.
Despite Japan's Producer Price Index (PPI) rising at its fastest annual pace in over a year in October, uncertainty around Japan's political landscape has cast doubts on the Bank of Japan's (BoJ) intentions regarding rate hikes, which further weakened the yen and boosted the USD/JPY pair.
USD/JPY Rises as Weak Yen Faces Economic Challenges and Political Uncertainty
However, the rise in the USD/JPY came from the weaker Japanese yen, which is under pressure due to several factors. Despite Japan's Producer Price Index (PPI) rising at its fastest pace in over a year in October, the yen remains weak.
This is partly due to uncertainty surrounding Japan's political situation, which makes it harder to predict the Bank of Japan's (BoJ) rate-hike plans. Moreover, the concerns over the impact of potential trade tariffs from US President-elect Donald Trump on the Japanese economy are adding to the pressure on the yen.
In addition to this, there are concerns that Japan's government might step in to stop the yen from falling too much. However, given Japan's current economic challenges and the market situation, the USD/JPY pair is likely to keep rising. This is because the Bank of Japan is having a hard time deciding when to raise interest rates.
US Dollar Strengthens on Inflation Expectations and High Treasury Yields, Supporting USD/JPY
On the other hand, the US dollar is benefiting from expectations that the new US administration's policies will stimulate inflation, possibly causing the Federal Reserve to pause its interest rate cuts.
Furthermore, the US Consumer Price Index (CPI) data released on Wednesday showed slower progress in bringing inflation down, which may lead to fewer interest rate cuts next year.
This has kept US Treasury bond yields high, supporting the US dollar. On the data front, the October US Consumer Price Index (CPI) rose by 2.6% year-over-year, while the core CPI, excluding food and energy, increased by 3.3%, both matching forecasts.
Therefore, the strong US dollar, supported by expectations of inflation-driven policies and high Treasury yields, boosts the USD/JPY pair. The October US CPI data, showing a 2.6% annual rise and 3.3% core increase, reinforces the bullish outlook for the USD/JPY.
USD/JPY – Technical Analysis
The USD/JPY pair is showing strong bullish momentum, currently trading around 155.87. The recent move upwards has been supported by a breakout past the 1.618 Fibonacci extension at 156.32, which now serves as a key level to watch.
The next significant resistance levels are at 157.31 and 158.01. A break above these could indicate further upward momentum, especially if the broader dollar strength persists.
On the support side, immediate levels to monitor are 155.43, followed by 154.50 and 154.18. The 50-period EMA at 153.58 continues to underline the bullish trend, as the price remains well above this indicator, suggesting sustained buying pressure.
The RSI sits at 69.44, nearing overbought territory, signaling that a short-term pullback could occur. However, as long as the price stays above the pivot at 155.43, the bullish outlook is likely to remain intact.
Given the technical landscape, a potential entry at 155.43 with a target around 156.71 appears favorable, aligning with the recent bullish trend. Caution is warranted near the overbought RSI, as a correction might bring prices back toward the immediate support zones.
The USD/JPY remains bullish above 155.43, with targets near 156.71. Overbought RSI suggests a watchful eye on potential pullbacks, though upward momentum is favored.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Bullish Momentum: Break above 1.618 Fibonacci level at 156.32.
- Overbought Signal: RSI near 70 suggests possible pullback.
- Support Zone: Immediate support lies at 155.43, reinforcing a bullish stance if maintained.
The USD/JPY pair is showing strong bullish momentum, currently trading around 155.87. The recent move upwards has been supported by a breakout past the 1.618 Fibonacci extension at 156.32, which now serves as a key level to watch.
The next significant resistance levels are at 157.31 and 158.01. A break above these could indicate further upward momentum, especially if the broader dollar strength persists.
On the support side, immediate levels to monitor are 155.43, followed by 154.50 and 154.18. The 50-period EMA at 153.58 continues to underline the bullish trend, as the price remains well above this indicator, suggesting sustained buying pressure.
The RSI sits at 69.44, nearing overbought territory, signaling that a short-term pullback could occur. However, as long as the price stays above the pivot at 155.43, the bullish outlook is likely to remain intact.
Given the technical landscape, a potential entry at 155.43 with a target around 156.71 appears favorable, aligning with the recent bullish trend. Caution is warranted near the overbought RSI, as a correction might bring prices back toward the immediate support zones.
The USD/JPY remains bullish above 155.43, with targets near 156.71. Overbought RSI suggests a watchful eye on potential pullbacks, though upward momentum is favored.
USD/JPY - Trade Ideas
Entry Price – Buy Limit 155.426
Take Profit – 156.710
Stop Loss – 154.283
Risk to Reward – 1: 1.12
Profit & Loss Per Standard Lot = +$1284/ -$1143
Profit & Loss Per Mini Lot = +$128/ -$114
USD/JPY Price Analysis – Nov 07, 2024
Daily Price Outlook
During the European trading session, the USD/JPY pair has been showing a bearish trend, with the Japanese Yen (JPY) strengthening against the US Dollar (USD). However, the reason behind this move is the growing speculation that the Japanese government might intervene in the foreign exchange market to support the weakening Yen.
This has raised concerns that Japanese authorities could step in, adding pressure on the USD/JPY pair. On top of that, a slight pullback in the US Dollar has also contributed to the downward momentum, leading to a small dip from the pair’s recent highs.
Japanese Yen Faces Mixed Outlook Amid Intervention Concerns and BoJ Uncertainty
As we mentioned, the Japanese Yen has gained support recently due to concerns over potential government intervention. Japanese officials, including Chief Cabinet Secretary Yoshimasa Hayashi and Vice Finance Minister Atsushi Mimura, have increasingly expressed vigilance regarding currency movements.
Mimura specifically noted that the government is prepared to act against excessive speculative behavior in the FX market.
This heightened sense of urgency from Japanese authorities has bolstered confidence in the Yen, as traders anticipate potential intervention to prevent further depreciation. As a result, the USD/JPY pair is facing resistance, with the Yen gaining strength amid these intervention concerns.
Despite receiving some support from fears of intervention, the Japanese Yen faces significant challenges due to the ongoing uncertainty surrounding the Bank of Japan’s (BoJ) rate-hike plans.
The BoJ has remained cautious about raising interest rates, citing concerns over global economic risks, particularly from the US. This hesitation has limited the Yen’s ability to gain ground against the US Dollar.
Moreover, the current risk-on environment, fueled by optimism in global equity markets, further undermines the Yen. As investors gravitate toward higher yields and riskier assets, demand for the low-yielding Yen diminishes, restricting any potential recovery. As a result, these factors continue to weigh on the USD/JPY pair, leaving it vulnerable to fluctuations.
US Dollar Strengthens Amid Republican Success, Boosting USD/JPY Outlook
On the US front, the US dollar saw a strong rally, boosted by the Republican party's success, with markets giving them a 93% chance of winning the House. This raised expectations that Donald Trump could push his policies forward, strengthening the dollar.
Investors reacted by buying the dollar, increasing their expectations for a slower pace of Fed rate cuts, and selling US Treasury bonds. As a result, US stocks rose, and the market started pricing in higher inflation and slower rate cuts.
This situation put pressure on the Japanese yen, as the widening interest rate differential between the US and Japan continued to favor the US dollar.
Therefore, the strong rally in the US dollar, driven by expectations of slower Fed rate cuts and higher inflation, has widened the interest rate gap between the US and Japan. This pressure on the Japanese yen suggests that the USD/JPY pair may continue to rise.
USD/PJPY – Technical Analysis
USD/JPY is trading slightly lower at ¥154.053, displaying a bearish bias as it approaches a critical pivot point at ¥155.155. This level will serve as a key decision point for traders, with a potential reversal or further decline hinging on whether the pair can hold or breach this mark.
The immediate resistance stands at ¥155.557, followed by the next barriers at ¥155.984. A break above these levels would indicate a reversal back to bullish sentiment. However, with current momentum skewed to the downside, resistance appears unlikely to be tested unless the pair finds a solid footing above the pivot.
On the downside, USD/JPY has immediate support at ¥153.907, a level closely aligned with the 50-day Exponential Moving Average (EMA) of ¥153.307, which reinforces the pair’s lower boundary. Should this support level fail to hold, traders may see further declines towards ¥153.415 and then ¥153.008.
The Relative Strength Index (RSI) sits at 49, indicating neutral momentum. However, a reading near 50 suggests a potential shift is forthcoming; a dip below this could strengthen bearish sentiment.
In conclusion, USD/JPY remains vulnerable to further losses below the pivot level of ¥155.155. Traders may consider short positions below ¥154.245, aiming for a target near ¥153.425 with a stop loss at ¥154.935.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Pivot Pressure: Key pivot at ¥155.155; a breach may shift momentum.
- Support Zones: Immediate support at ¥153.907, with next support at ¥153.415.
- RSI Neutral: RSI at 49 reflects neutral sentiment, though a decline may trigger a bearish continuation.
USD/JPY is trading slightly lower at ¥154.053, displaying a bearish bias as it approaches a critical pivot point at ¥155.155. This level will serve as a key decision point for traders, with a potential reversal or further decline hinging on whether the pair can hold or breach this mark.
The immediate resistance stands at ¥155.557, followed by the next barriers at ¥155.984. A break above these levels would indicate a reversal back to bullish sentiment. However, with current momentum skewed to the downside, resistance appears unlikely to be tested unless the pair finds a solid footing above the pivot.
On the downside, USD/JPY has immediate support at ¥153.907, a level closely aligned with the 50-day Exponential Moving Average (EMA) of ¥153.307, which reinforces the pair’s lower boundary. Should this support level fail to hold, traders may see further declines towards ¥153.415 and then ¥153.008.
The Relative Strength Index (RSI) sits at 49, indicating neutral momentum. However, a reading near 50 suggests a potential shift is forthcoming; a dip below this could strengthen bearish sentiment.
In conclusion, USD/JPY remains vulnerable to further losses below the pivot level of ¥155.155. Traders may consider short positions below ¥154.245, aiming for a target near ¥153.425 with a stop loss at ¥154.935.
USD/JPY - Trade Ideas
Entry Price – Sell Below 154.245
Take Profit – 153.425
Stop Loss – 154.935
Risk to Reward – 1: 1.6
Profit & Loss Per Standard Lot = +$820/ -$705
Profit & Loss Per Mini Lot = +$82/ -$70
USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- Pivot Resistance: USD/JPY faces strong resistance at the 153.26 pivot, reinforced by the 50 EMA.
- Support Zones: Key support levels include 152.74, with additional support at 152.50 and 152.28.
- RSI Indicator: RSI at 40 suggests cautious sentiment, with room for further downside if bearish momentum holds.
USD/JPY is trading at 152.90, down 0.34% today, indicating a moderate bearish trend as the pair nears critical support levels. The pivot point is situated at 153.26, aligning closely with the 50-day Exponential Moving Average (EMA), which serves as a key resistance.
This confluence suggests that USD/JPY might encounter difficulty moving higher unless market sentiment strongly favors the dollar.
Immediate resistance is noted at 153.05, with subsequent levels at 153.58 and 153.87, potentially capping any recovery efforts. On the downside, immediate support is found at 152.74, followed by deeper levels at 152.50 and 152.28.
A break below these supports could escalate selling pressure, possibly leading to further declines.
The Relative Strength Index (RSI) stands at 40, reflecting subdued momentum. While not in oversold territory, this level implies that selling interest may persist if the pair fails to reclaim the pivot point.
Traders might consider short positions below 153.03, with a target at 152.52 and a stop at 153.42, capitalizing on the prevailing bearish outlook.
Overall, USD/JPY remains pressured below 153.26, supporting a bearish view unless a breakout above this level occurs.
USD/JPY - Trade Ideas
Entry Price – Sell Below 153.038
Take Profit – 152.521
Stop Loss – 153.422
Risk to Reward – 1: 1.35
Profit & Loss Per Standard Lot = +$517/ -$384
Profit & Loss Per Mini Lot = +$51/ -$38
USD/JPY Price Analysis – Oct 31, 2024
Daily Price Outlook
During the European trading session, the USD/JPY currency pair extended its pullback, trading around the 151.80 level as the Japanese yen gained strength.
This decline follows comments from Bank of Japan (BoJ) Governor Kazuo Ueda, who suggested a potential interest rate hike "if conditions are met."
Although the BoJ kept its benchmark interest rate at 0.25% as expected, Ueda emphasized the Bank's commitment to normalizing its monetary policy. In response to this announcement, the yen appreciated against other currencies, exerting downward pressure on the USD/JPY exchange rate.
Market participants are now turning their attention to upcoming US economic data, especially the release of the Personal Consumption Expenditures (PCE) Prices Index, which is anticipated to reflect ongoing easing of inflation toward the Federal Reserve's 2% target.
Meanwhile, traders are eagerly awaiting Friday's Nonfarm Payrolls (NFP) report, with market consensus indicating a notable decline in job additions. However, strong ADP figures have raised expectations, adding an element of uncertainty to the jobs outlook.
Cautious US Market Sentiment and Economic Data Impact on USD/JPY Outlook
On the US side, the market sentiment remains cautious as investors turned worried amid upcoming data releases. The US Dollar Index (DXY), which measures the dollar's strength against six major currencies, has dipped slightly below 104.00.
Meanwhile, the upcoming Nonfarm Payrolls (NFP) report is projected to show an addition of only 115,000 jobs in October, a decrease from 254,000 in September, while the unemployment rate is expected to remain steady at 4.1%.
Investors are also keeping an eye on the US ISM Manufacturing PMI for October, which is anticipated to show a contraction but at a slower pace, moving from 47.2 in September to 47.6. These data points will likely influence market expectations for the Federal Reserve's interest rate decisions in the coming months.
Therefore, the cautious market sentiment and weaker job growth expectations may lead to a bearish outlook for the USD/JPY pair. However, the slowdown in the NFP and ISM Manufacturing PMI could prompt investors to adjust their positions, affecting the dollar's strength against the yen.
USD/JPY – Technical Analysis
USD/JPY is trading at 152.90, down 0.34% today, indicating a moderate bearish trend as the pair nears critical support levels. The pivot point is situated at 153.26, aligning closely with the 50-day Exponential Moving Average (EMA), which serves as a key resistance.
This confluence suggests that USD/JPY might encounter difficulty moving higher unless market sentiment strongly favors the dollar.
Immediate resistance is noted at 153.05, with subsequent levels at 153.58 and 153.87, potentially capping any recovery efforts. On the downside, immediate support is found at 152.74, followed by deeper levels at 152.50 and 152.28.
A break below these supports could escalate selling pressure, possibly leading to further declines.
The Relative Strength Index (RSI) stands at 40, reflecting subdued momentum. While not in oversold territory, this level implies that selling interest may persist if the pair fails to reclaim the pivot point.
Traders might consider short positions below 153.03, with a target at 152.52 and a stop at 153.42, capitalizing on the prevailing bearish outlook.
Overall, USD/JPY remains pressured below 153.26, supporting a bearish view unless a breakout above this level occurs.
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USD/JPY Price Analysis – Oct 24, 2024
Daily Price Outlook
The USD/JPY pair has been on a bearish trend recently, influenced by several factors. The Japanese Yen (JPY) has gained strength, while the US Dollar (USD) has weakened slightly. This came after Japanese officials made verbal interventions, expressing concerns over the Yen's rapid depreciation.
This prompted some buyers to turn to the Yen, which, along with a modest decline in the USD, pushed the USD/JPY pair down to around 152.00. Fears of government intervention to stabilize the Yen further fueled this downward movement in the USD/JPY pair.
Japanese Yen Edges Higher After Verbal Intervention and BoJ Rate-Hike Uncertainty
The Japanese Yen's recent rise has been influenced by verbal intervention from Finance Minister Katsunobu Kato, who voiced concerns about one-sided currency movements. Additionally, Deputy Chief Cabinet Secretary Kazuhiko Aoki emphasized that the government is closely monitoring foreign exchange fluctuations.
However, uncertainty surrounding the Bank of Japan's (BoJ) interest rate hike decisions looms large, especially with the general election approaching on October 27.
Recent opinion polls indicate that the ruling Liberal Democratic Party (LDP) may lose its majority, raising doubts about the BoJ's ability to continue raising rates. This uncertainty is limiting the Yen's recovery, preventing it from gaining significant ground and creating mixed sentiment in the USD/JPY pair.
Support for the US Dollar Amid Fed Expectations and Economic Data Insights
On the other hand, expectations of a less aggressive approach from the Federal Reserve (Fed) are providing some support to the US Dollar. Market participants expect the Fed to implement modest rate cuts over the coming year, especially after the US election.
This view, combined with concerns over increased deficit spending under a new US administration, has driven US bond yields higher, limiting the downside for the USD. As a result, this has helped prevent further declines in the USD/JPY pair.
Traders are now awaiting fresh economic data, particularly the release of flash US PMI prints, which will influence USD price dynamics and likely set the short-term direction for the USD/JPY. Additionally, stability in the equity markets could lead to dip-buying, helping to stabilize the pair. (edited)
USD/JPY – Technical Analysis
USD/JPY is currently trading at 152.151, down 0.39% during the session, signaling potential bearish momentum. The pair is approaching its pivot point at 152.575, indicating that traders are eyeing key support and resistance levels closely.
Immediate resistance lies at 153.180, with further upside potential at 153.698 if USD/JPY gains strength. However, the current downward pressure suggests that a retest of key support levels is more likely. Immediate support is seen at 151.908, with stronger support at 151.601 and a deeper level at 151.171.
The technical indicators present a mixed picture. The Relative Strength Index (RSI) stands at 56, suggesting that the pair is in a neutral range, although slightly favoring sellers. Additionally, the 50-day Exponential Moving Average (EMA) is positioned at 150.911, providing a lower boundary that could act as strong support should the pair continue to fall.
With USD/JPY trading near the 152.300 level, a sell entry could be considered, aiming for a take-profit level at 151.600. Traders should set a stop-loss at 152.950 to manage risks effectively if the pair reverses direction.
USD/JPY faces immediate bearish pressure, with a key sell entry below 152.300. Traders should watch for potential downside toward 151.600, while resistance at 153.180 could limit any rebound.
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USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY is approaching a sell entry level at 152.300.
- RSI at 56 indicates neutral momentum, but slight downside bias.
- Immediate support lies at 151.908, with stronger support at 151.601.
USD/JPY is currently trading at 152.151, down 0.39% during the session, signaling potential bearish momentum. The pair is approaching its pivot point at 152.575, indicating that traders are eyeing key support and resistance levels closely.
Immediate resistance lies at 153.180, with further upside potential at 153.698 if USD/JPY gains strength. However, the current downward pressure suggests that a retest of key support levels is more likely. Immediate support is seen at 151.908, with stronger support at 151.601 and a deeper level at 151.171.
The technical indicators present a mixed picture. The Relative Strength Index (RSI) stands at 56, suggesting that the pair is in a neutral range, although slightly favoring sellers. Additionally, the 50-day Exponential Moving Average (EMA) is positioned at 150.911, providing a lower boundary that could act as strong support should the pair continue to fall.
With USD/JPY trading near the 152.300 level, a sell entry could be considered, aiming for a take-profit level at 151.600. Traders should set a stop-loss at 152.950 to manage risks effectively if the pair reverses direction.
USD/JPY faces immediate bearish pressure, with a key sell entry below 152.300. Traders should watch for potential downside toward 151.600, while resistance at 153.180 could limit any rebound.
USD/JPY - Trade Ideas
Entry Price – Sell Below 152.300
Take Profit – 151.600
Stop Loss – 152.950
Risk to Reward – 1: 1
Profit & Loss Per Standard Lot = +$700/ -$650
Profit & Loss Per Mini Lot = +$70/ -$65