USD/JPY Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY is testing a critical horizontal resistance zone at 160.00 – 160.30 after rebounding from its 155.20 double-bottom floor and crossing back above its 20-day SMA at 159.33. A decisive daily close above 160.50 would confirm a bullish breakout from this consolidation range, exposing higher targets at 162.00 and the July peak around 164.50; conversely, a rejection at this overhead supply zone risks a pullback to retest the 20 SMA, with intermediate support lower at 157.00.



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