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