USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal

Daily Price Outlook

- Resistance Levels: Immediate resistance at 158.065; next at 158.742 and 159.672.

- Support Zones: Key support at 155.965; deeper levels at 155.004 and 154.152.

- Technical Indicators: RSI at 40 shows bearish momentum; price below 50 EMA at 157.404 signals continued downside pressure.

USD/JPY is trading at 156.743, down 0.36% in the last session, reflecting continued selling pressure. On the 4-hour chart, the pivot point is positioned at 157.401, serving as a critical level for directional movement.

Immediate resistance is noted at 158.065, followed by stronger hurdles at 158.742 and 159.672. On the downside, key support levels are seen at 155.965, 155.004, and 154.152, offering protection against deeper declines.

The Relative Strength Index (RSI) at 40 signals bearish momentum but suggests the pair is approaching oversold territory, which may limit further downside in the short term. The 50 EMA at 157.404 indicates that USD/JPY is trading below its short-term trend, reinforcing a bearish outlook.

A break below the immediate support at 155.965 could accelerate selling pressure toward 155.004. Conversely, a move above the pivot point at 157.401 may attract buyers, targeting resistance at 158.065.

Overall, the pair’s trajectory remains influenced by technical levels, with a cautious approach advised near the pivot. Traders should watch for decisive moves either above 157.401 for bullish momentum or below 155.965 for further declines.

USD/JPY - Trade Ideas

Entry Price – Buy Above 156

Take Profit – 157.850

Stop Loss – 155

Risk to Reward – 1: 1.8

Profit & Loss Per Standard Lot = +$1850/ -$1000

Profit & Loss Per Mini Lot = +$185/ -$100