Economic Calendar
Moderate levels of volatility may be observed during this trading week.
USD/JPY hourly chart analysis
USD/JPY hourly chart, the recent uptrend has stalled, and the price is now in a consolidation phase. The price is struggling below its moving averages around 152.40, which are acting as resistance, giving sellers a slight edge. The RSI is neutral, showing no strong momentum. A break below the 151.20 support could lead to a further decline, while buyers need to push back above 152.40 to regain control.Hourly Chart
USD/JPY daily candle chart analysis
USD/JPY daily chart, the trend has turned bullish after a strong breakout from a long sideways consolidation period. The price is now firmly above all key moving averages, which are starting to slope upwards, confirming the new uptrend. The previous resistance around 151.00 is now the main support level.
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Traders sentiment mixed
USD/JPY has no clear directional bias because it has been locked in a long-term sideways range on the daily chart, although directional momentum in the near term may provide way in the near term.