FX.co ★ Alpha302 | USD/JPY

USD/JPY Technical analysis H-4 Chart

The USDJPY pair rose to your level yesterday. Consolidation is currently underway, so I think there will be movement closer to the evening. There is news from the USA. At the same time, the RSI is looking up very weakly, and the stochastic is directed down, a very weak signal for growth. So we'll see. If we do go up, well, then to the upper Bollinger band, it is at 148.10 at the moment, and the price may well bounce down from it. However, it is quite possible that we will turn around without much growth and down. If so, then for starters, the decline may be to the middle Bollinger and the upper MA; this is the 147.04/146.75 area. Then we'll see whether the price will immediately go below these two lines or bounce up from one of them. If we go even lower than the lower MA and the lower Bollinger band, this is the 146.28/145.98 area, which may become further support. There you will also need to see whether the price will break further down or not. Good luck trading! Osaka at the Expo 2025. There is less and less time left until August 1, and one can expect a more active search for a compromise in trade negotiations between the US and Japan. For now, the dollar has the advantage, and the bulls are probably already looking at the base of the 150th figure (Murray 7.8). On the way to this important area, the USD/JPY pair still has the level of 146.86 (Murray 6.8), and the base of the 148th figure continues to act as the nearest resistance. The level of 146.86 (Murray 6.8) remains the support.