USDJPY Technical Analysis- H1 Timeframe
The USD/JPY pair continued to record significant losses in recent sessions, influenced by the strength of the Japanese yen and supported by a decline in global risk appetite. The pair broke important support levels, confirming the current downward trend, with technical signals emerging that call for caution regarding a corrective rebound
Technical Indicator Analysis
Moving Averages
The price is clearly moving below all moving averages (20, 50, and 100), reflecting the ongoing downward trend.
The short-term moving averages remain divergent and negatively sloped, supporting a selling scenario.
MACD
The indicator is in negative territory, but the negative bars have begun to diminish, a first sign of weakening selling momentum.
Stochastic
It has exited the oversold zone (was below 20) and is now heading towards 40, which reinforces the possibility of a short-term corrective rebound.
USDJPY Technical Analysis: Possible Scenarios
Bullish Scenario
A break of 142.59 will push the pair to retest the bottom at 141.60.
Stabilization below 143.30 reinforces the short-term negative outlook.
Bearish Scenario
if the price succeeds in surpassing 143.30 and sustaining above it, the pair may rise towards 144.47 as initial resistance.
A clear break of 144.47 could pave the way for a test of 145.17 later.
Trading strategies based on Buy/Sell levels
| USDJPY | In case of buying | in case of selling |
| Entry point | 144.47 | 142.59 |
| Target Point 1 (TP1) | First resistance: 145.17 | First support: 141.60 |
| Target Point 2 (TP2) | Second resistance 145.70 | Second support 141.00 |
| Stop Loss (SL) | 142.59 | 144.47 |
The overall trend for the USD/JPY pair remains clearly bearish, supported by successive breaks of support levels. However, some technical indicators are beginning to show signs of weakening selling momentum, suggesting a potential short-term technical rebound.
A USD/JPY break of 142.59 would reinforce the bearish scenario towards 141.60, while a break of 143.30 could shift the temporary trend upward if the price stabilizes above it. Optimal strategy: Watch for any technical bounce while trading within the current range (143.30–142.59), and enter with the breakout or bounce supported by confirmed technical signals.
