USDJPY Technical Analysis – April 15, 2025
The USDJPY pair is currently showing signs of a bearish correction despite the broader upward trend visible in the longer-term chart. At the time of writing, the currency pair is trading around the 143.06 level, suggesting a pullback within a generally bullish structure. However, current price action is occurring below several key moving average crossovers, which hints at increasing bearish momentum in the short term.
From a technical standpoint, the MACD indicator is also reflecting a bearish bias. The MACD line is positioned below the signal line, indicating growing selling pressure. This aligns with the recent weakening in price, further reinforcing the potential for a near-term decline.
Based on these indicators, traders may consider entering short positions if the pair continues to fall towards the $142.69 support level. A break below this point could open the door for further downside toward the $142.02 mark, which serves as a key target and possible profit-taking zone for bearish traders.
To manage risk effectively, it is advisable to place a stop-loss near the $143.80 level. This area represents a strong resistance point, and any sustained movement above it would suggest a shift back in bullish favor, thereby invalidating the current short-term bearish outlook.
While the long-term trend may still be upward, technical signals suggest a possible retracement in the near term. Traders should remain cautious and monitor price behavior closely around key levels to determine whether bearish momentum continues or if bulls regain control.
USDJPY Technical Analysis: On the Other Hand
On the other hand, if the buy zone at $143.80 is broken, the USD/JPY price may head towards $144.25.
USDJPY Technical Analysis: Resistance and Support Levels
- Second Resistance: 143.52
- First Resistance: 143.25
- Pivot Level: 143.07
- First Support: 142.80
- Second Support: 142.62
