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

Daily Price Outlook

- Critical Pivot Point: USD/JPY needs to stay above 155.553 to maintain bullish momentum.

- Resistance Levels: Key resistance lies at 156.909, followed by 158.552 and 159.629.

- EMA Observation: The 50-day EMA at 157.598 caps immediate upside potential, signaling a cautious outlook.

The USD/JPY pair is trading at 156.077, down 0.21% on the day, as the market consolidates below the pivot point of 155.553. Despite this minor decline, the broader trend suggests potential bullish momentum, particularly if the pair sustains trading above the pivot level.

Immediate resistance is located at 156.909, followed by 158.552 and 159.629. On the downside, immediate support is observed at 154.437, with further levels at 153.260 and 151.973.

The 50-day EMA at 157.598 currently acts as a key overhead resistance, aligning with the immediate resistance zone. The pair’s inability to break above this EMA reflects short-term bearish sentiment, though the price remains within a broader upward channel.

A sustained move above 155.553 could trigger buying interest, targeting 157.365 and beyond, while a drop below 154.437 might signal additional bearish pressure.

Traders should closely monitor price action around 155.553. A decisive break above this level would reinforce the bullish outlook, while failure to hold could shift sentiment toward testing deeper support levels.

USD/JPY - Trade Ideas

Entry Price – Buy Above 155.546

Take Profit – 157.365

Stop Loss – 154.660

Risk to Reward – 1: 2

Profit & Loss Per Standard Lot = +$1819/ -$886

Profit & Loss Per Mini Lot = +$181/ -$88