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

Daily Price Outlook

- USD/JPY faces resistance at 153.210; a break above could open the door to 154.178.

- Support at 151.087 is critical; a breakdown could drive selling pressure toward 150.407.

- Buy setup above 151.828, targeting 153.203, with stop loss at 151.093 for risk management.

USD/JPY is trading at 152.415, down 0.11%, as the pair remains in a corrective phase after failing to sustain momentum above key resistance levels. Price action is hovering below the pivot point at 153.203, signaling continued pressure from sellers in the short term. A decisive move above this level is necessary to confirm a bullish reversal.

Immediate resistance is seen at 153.210, followed by 154.178 and 155.333, which could act as barriers to further gains. The 50-day Exponential Moving Average (EMA) at 154.605 reinforces resistance, making a sustained break above this region crucial for renewed upside potential.

On the downside, immediate support lies at 151.087, with further levels at 150.407 and 149.771. If USD/JPY slips below 151.087, a deeper pullback could take shape, testing the lower support zones. However, the market remains in an overall uptrend, and dips toward support levels may present buying opportunities.

Given the current structure, a buy position above 151.828 is preferred, with a take profit target at 153.203 and a stop loss at 151.093 to manage risk effectively. A successful break above resistance could trigger a move toward higher targets, while a failure to hold above support may shift sentiment further bearish.

USD/JPY - Trade Ideas

Entry Price – Buy Above 151.828

Take Profit – 153.203

Stop Loss – 151.093

Risk to Reward – 1:1.8

Profit & Loss Per Standard Lot = +$1375/ -$735

Profit & Loss Per Mini Lot = +$137/ -$73