Economic Calendar
Market activity may be considered low, however deviations from fundamental data forecasts may bring increased volatility during this trading week.
USD/JPY hourly chart analysis
USD/JPY is stuck in a tight sideways range on the hourly chart. The market is trapped between major resistance at 148.39 and a dense cluster of moving average support around 147.40. The flat indicators confirm this total lack of momentum. A breakout is needed to start a new trend. Look for a decisive move above 148.39 for a bullish signal or a break below 147.40 for a bearish sign.Hourly Chart
USD/JPY daily candle chart analysis
USD/JPY chart shows the pair in a long-term sideways range. For months, the market has been trapped between a major resistance ceiling at 148.70 and a strong support floor at 143.90. The flat moving averages confirm this total lack of direction. Expect the choppy, sideways trading to continue. A new, long-term trend will only begin after a decisive breakout above 148.70 or a breakdown below 143.90.
Read More: Technical Analysis
Traders sentiment mixed
No clear directional bias in USD/JPY at this time.