FX.co ★ IraniTrader | USD/JPY

USDJPY Price Movement Analysis: We are now discussing how to analyze the USD/JPY currency pair's current price movement. Our currency pair is exhibiting a narrow sideways trend according to the daily chart, and the last seven candles reveal a consolidation pattern. The range has been determined to be between 100 and 161.811 according to the Fibonacci grid, and the following move might take us to 261.84. I've drawn a crude diagonal line to show this, but it's advisable to perform a more thorough study on your terminal, particularly with the price action approach and concentrating on candlestick patterns like the "hammer." Geopolitics may give bears hope because several possible triggers have lingered in the background, though it's unclear how they will affect things. I have anticipated an increase from the starting 163.743 to 163.743 over the last two weeks. It has proven elusive. However, trading the USDJPY pair with too much predictability might end in failure and result in large losses of tens of billions of dollars. The Federal Reserve's judgments are more important in this situation. It doesn't seem plausible that they want to loosen their policies, especially in light of Powell's recent remarks, which emphasize combating inflation to prevent damaging the economy. The chart now shows a triangle formation, and I'm expecting a breakout impulse in one way. With a possible gain of 163.743, my main expectation is an upside breakout. It makes little sense to trade against the current increasing trend in 2026. As a result, I strongly recommend employing stop losses while making purchases. I've made a number of trades this week, all aiming for 50 points before selling. I continue to view the red option—which entails selling between 163.743 and 163.743—as a viable one. My brakes are set for such sales at 163.743, so I'm hoping it drops below that.