After unpresented intervention of United States, USD/JPY
currency pair saw a decline, to 155.200 before recovering to sub 158.500 price
level.
USD/JPY 1-Hour chart analysis
The USD/JPY 1-hour chart is currently characterized by a distinct period of range-bound consolidation following the sharp early August drop from the 164.00 handle. The initial aggressive sell-off has paused, and price action has settled into a well-defined horizontal channel between roughly 158.00 and 159.60.
The immediate ceiling is located at 159.60–160.00, representing the upper boundary of the consolidation range. A clean breakout with an hourly close above this barrier would pave the way for a test of higher resistance around 161.75.
1-Hour Chart
USD/JPY Daily chart analysis
Following the sharp drop into early August, USD/JPY has formed a consolidation base around 158.81, but the prevailing technical bias remains tilted to the downside. Price is trading below the flattening 90-day SMA, which aligns with previous horizontal support turned resistance to create a formidable overhead ceiling. Momentum indicators reflect this pressure: the MACD line sits deep in negative territory below the signal line, and while the histogram contraction indicates that initial selling velocity has slowed, recent daily candles show persistent rejection wicks on attempts to rally toward the moving average.
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