USD/JPY Price Analysis and Trade Forecast: Daily Trading Signal
Daily Price Outlook
- USD/JPY struggles below 154.952 pivot, signaling further downside risk.
- 50-day EMA at 155.313 acts as a strong resistance level.
- Break below 153.903 could accelerate losses toward 152.683.
The USD/JPY pair continues to decline, slipping below the 154.952 pivot level, as the yen strengthens amid risk-off sentiment and shifting rate expectations.
The pair remains under pressure as traders weigh U.S. economic data against potential policy shifts from the Bank of Japan (BoJ).
The 50-day EMA at 155.313 is now acting as a dynamic resistance level, reinforcing selling pressure. If USD/JPY fails to reclaim 154.952, further declines toward 153.903 are likely, with the next support levels resting at 153.292 and 152.683.
A decisive break below these levels could accelerate downside momentum, signaling increased yen demand.
On the upside, immediate resistance is at 155.616, followed by 156.318 and 157.022. A break above 155.616 could ease bearish sentiment, but momentum remains weak as long as the pair stays below the 50-day EMA.
From a trading perspective, a sell position below 154.951 aligns with a take profit target at 153.904 and a stop loss at 155.744, reflecting the bearish bias. Unless the U.S. dollar regains strength or the BoJ signals policy shifts, USD/JPY may remain under pressure.
Traders should watch upcoming U.S. inflation data and any policy commentary from Japanese officials for further directional cues.
USD/JPY - Trade Ideas
Entry Price – Sell Below 154.951
Take Profit – 153.904
Stop Loss – 155.744
Risk to Reward – 1: 1.3
Profit & Loss Per Standard Lot = +$1047/ -$793
Profit & Loss Per Mini Lot = +$104/ -$79
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