USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Immediate resistance at 143.51; a breakout could lead to gains toward 144.24.

- Key support at 141.69; a breach could trigger further downside toward 140.70.

- USD/JPY remains supported above its 50-day EMA at 142.61, signaling continued bullish momentum.

USD/JPY is currently trading at 142.817, up by 0.32%, as the pair continues to strengthen alongside the U.S. Dollar.

On the 4-hour chart, the price remains above the 50-day Exponential Moving Average (EMA) at 142.61, which provides key support, keeping the bullish momentum intact.

The pair has shown some consolidation but maintains an overall upward trend, with potential for further gains if resistance levels are cleared.

Immediate resistance lies at 143.51. A break above this level could open the door for further upside, targeting higher resistance zones at 144.24 and 145.16.

The Relative Strength Index (RSI) is currently at 55, signaling moderate bullish momentum, leaving room for additional upward movement.

On the downside, immediate support is found at 141.69. If this level fails, the next support sits at 140.70, with a potential deeper pullback toward 139.78 if selling pressure intensifies.

A break below these levels could signal a bearish reversal, though the current uptrend is supported by the 50 EMA at 142.61.

In conclusion, USD/JPY maintains a bullish outlook as long as it stays above the pivot point at 142.36.

Traders should watch for a break above 143.51, which could trigger further gains, while a fall below 141.69 could signal a near-term bearish shift.

USD/JPY - Trade Ideas

Entry Price – Buy Above 142.350

Take Profit – 143.500

Stop Loss – 141.650

Risk to Reward – 1: 1.6

Profit & Loss Per Standard Lot = +$1150/ -$700

Profit & Loss Per Mini Lot = +$115/ -$70