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

Daily Price Outlook

- Critical Pivot: USD/JPY must break above 153.418 to confirm bullish momentum toward 155.029.

- Support Levels: Immediate support at 150.438; a break below targets 149.105.

- Technical Indicators: RSI at 33 signals potential oversold conditions, while 50-day EMA at 153.927 caps gains.

USD/JPY is trading at 151.532, up 0.32%, as buyers maintain momentum following recent gains. The 4-hour chart shows immediate resistance at 155.029, with higher targets at 156.740.

A critical pivot point at 153.418 marks the threshold for a potential bullish extension. The 50-day EMA at 153.927 reinforces this resistance zone, suggesting that a sustained break above this level could open the door to further gains.

On the downside, immediate support is located at 150.438, followed by deeper levels at 149.105 and 147.816. The RSI at 33 suggests the pair is nearing oversold conditions, which may limit downside potential in the near term.

However, if USD/JPY falls below 152.105, bearish momentum could accelerate, targeting the support at 150.418.

Traders should remain cautious around the current levels. A sell position below 152.105 could offer opportunities with a take-profit target at 150.418 and a stop-loss at 153.421.

Conversely, a decisive break above the pivot at 153.418 would signal renewed bullish interest, pushing toward 155.029 and beyond.

USD/JPY - Trade Ideas

Entry Price – Sell Below 152.105

Take Profit – 150.418

Stop Loss – 153.421

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$1687/ -$1316

Profit & Loss Per Mini Lot = +$168/ -$131