USD/JPY Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY is in a corrective phase after a strong uptrend. The short-term trend is bearish to neutral, with the pair forming lower highs and currently moving sideways in a consolidation range. Price is trading between the downward-sloping SMA 24, which acts as resistance around 155.88, and the upward-sloping SMA 100, which acts as support near 155.00.



This creates a squeeze, and a bearish crossover could form if the SMA 24 drops below the SMA 100. Key resistance sits at 157.65, 155.88, and 155.73, while major support lies at 155.00 and especially 154.30, where strong buying previously occurred. Overall, the pair is in a decision zone where a breakout above resistance or a breakdown below support will determine the next move.
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