FX.co ★ Mr_Ambani | USD/JPY

Technical analysis 02 jully 2025 USD/JPY D-1

Yesterday, the price of the yen continued to be impulsively pushed in the southern direction, as a result of which another bearish candle was formed, which was able to easily consolidate below the minimum of the previous daily range. For now, this instrument is focused on continuing the southern movement, and in this case, as I have repeatedly said, I plan to keep the support level, which according to my markings is located at 142.111, in my sights. There may be two possible developments near this support level. The first option is associated with the formation of a reversal candle and the resumption of the price movement upward. If this plan is worked out, then I will wait for the price to return to the resistance level, which is located at 148.032, or to the resistance level, which is located at 148.654. Near these resistance levels, they will wait for the formation of a reversal candle and the resumption of the price movement downward, within the framework of the global sideways trend. Of course, there are options with the development of more distant server targets, but I am not considering them yet, since I do not see prospects for their quick implementation. An alternative option for price movement when testing the support level of 142.111 will be a plan with price consolidation below this level and further southern movement. If this plan is worked out, then I will expect the price to move to the support level, which is located at 139.889, or to the support level, which is located at 139.579. Near these support levels, I will expect the formation of a turning candle and the resumption of the upward price movement. In general, if we speak briefly, then today locally I admit that the price may continue to be pushed in the southern direction to the nearest support level, and there, taking into account the formation of a global sideways trend, I will be in search of northern signals, waiting for the resumption of the upward price movement..