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

Daily Price Outlook

- Resistance Levels: 152.749, 153.605, 154.558.

- Support Levels: 150.994, 149.836, 148.883.

- Technical Indicators: RSI at 59 supports bullish sentiment; 50 EMA at 151.279 strengthens short-term uptrend.

The USD/JPY pair is trading at 152.523, up 0.04%, reflecting modest upward momentum on the 4-hour chart. The pair is finding support near the pivot point at 151.960, a critical level that traders are monitoring for potential direction.

Immediate resistance is located at 152.749, followed by key levels at 153.605 and 154.558, suggesting room for bullish continuation if the pair can maintain momentum.

On the downside, immediate support lies at 150.994, with deeper levels at 149.836 and 148.883 providing a safety net in case of a pullback.

The 50-day Exponential Moving Average (EMA) at 151.279 underpins short-term bullish sentiment, reinforcing the ongoing upward trend.

The Relative Strength Index (RSI) at 59 indicates neutral-to-bullish momentum, suggesting the pair has room to rise before entering overbought territory.

Traders may consider a buy limit entry at 152.125, targeting 153.600 with a stop loss at 151.500 to manage downside risk.

The technical setup suggests a cautiously bullish outlook for USD/JPY, supported by a broader risk-on sentiment in the markets.

A decisive move above the 152.749 resistance could pave the way for further gains, while holding above the pivot will be crucial to maintaining positive momentum.

USD/JPY - Trade Ideas

Entry Price – Buy Limit 152.125

Take Profit – 153.600

Stop Loss – 151.500

Risk to Reward – 1: 2.3

Profit & Loss Per Standard Lot = +$1475/ -$625

Profit & Loss Per Mini Lot = +$147/ -$62