USD/JPY outlook

Note: This section contains information in English only.
Source: Dukascopy Bank SA
USD/JPY saw move to the downside, closing close to 147.460.

Economic Calendar



Continuing previous weeks trend, market activity may be considered low, however news regarding new Japanese elect may bring increased volatility in the shorter time frame.



USD/JPY hourly chart analysis

USD/JPY is in a powerfully bullish trend on the hourly chart, driven by a recent explosive gap and rally, and is currently consolidating near its highs with an extremely overbought RSI. The hourly chart shows a market completely dominated by buyers following a massive gap up and a steep, sustained rally that has pushed the price above the key 150.00 psychological level. This impulsive move is confirmed by a bullish "golden cross" of the moving averages and a Relative Strength Index (RSI) deep in overbought territory with a reading above 80.

Hourly Chart

USD/JPY daily candle chart analysis

USD/JPY has experienced a massive bearish rejection from the top of its long-term range, with the daily chart showing a significant 'bull trap' or 'failed breakout' as the price falls sharply back into its multi-month consolidation zone. The pair remains locked in a multi-month sideways rectangle pattern between the major resistance near 148.70 and support at 143.90. The recent volatile spike above this range was aggressively reversed, leaving a long upper wick—a powerful bearish signal. This rejection was strengthened by the flat 200-day SMA, which acted as a formidable ceiling. The flat nature of all key moving averages confirms the market's long-term indecision, and the price is now falling back into this neutral cluster. Following this powerful rejection, the immediate outlook has turned bearish within the context of the range.

Daily chart


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, caught between major support at 143.90 and powerful resistance at 148.70.


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