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

Daily Price Outlook

- USD/JPY remains bullish above the pivot point of 156.39, targeting resistance at 157.34.

- The 50-day EMA at 155.89 acts as dynamic support, reinforcing the uptrend.

- A drop below 155.56 could shift momentum, with further downside potential toward 154.91.

USD/JPY is currently trading at 156.69, marking a slight increase of 0.13% as the pair stays above the pivot point at 156.39. The bullish momentum remains intact, supported by the 50-day Exponential Moving Average (EMA) at 155.89, which acts as a key support level.

Immediate resistance is seen at 157.34, with further upside targets at 158.18 and 158.88. A sustained break above these levels could drive the pair higher, reflecting continued dollar strength amid evolving market conditions.

On the downside, immediate support lies at 155.56, followed by key levels at 154.91 and 154.09. A breach below these support zones could trigger a bearish correction, with selling pressure potentially gaining traction. However, the technical outlook suggests a cautiously bullish sentiment as long as the pair holds above the pivot.

Fundamental drivers, including expectations for U.S. monetary policy and risk sentiment, remain pivotal for USD/JPY movements. Traders are keeping a close watch on upcoming economic releases and central bank statements, which could influence the pair’s trajectory in the near term.

A buy position is recommended above 156.385, targeting 157.319, with a stop loss at 155.762 to limit potential downside risks.

USD/JPY - Trade Ideas

Entry Price – Buy Above 156.385

Take Profit – 157.319

Stop Loss – 155.762

Risk to Reward – 1: 1.5

Profit & Loss Per Standard Lot = +$934/ -$623

Profit & Loss Per Mini Lot = +$93/ -$62