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

Daily Price Outlook

- Bearish Momentum: USD/JPY remains bearish below 151.024, targeting 149.621 and 148.650.

- Dynamic Resistance: 50-day EMA at 152.34 reinforces selling pressure.

- Breakout Potential: A reversal above 151.024 could trigger bullish momentum.

USD/JPY is trading at 150.382, down by 0.02%, reflecting a cautious bearish sentiment. The pair is currently trading below the pivotal level of 151.024, signaling potential downward pressure. The 50-day Exponential Moving Average (EMA) at 152.34 is acting as dynamic resistance, reinforcing the bearish outlook.

Immediate resistance is located at 152.329, followed by 153.242 and 154.684. A breakout above 152.329 would invalidate the bearish scenario, paving the way for a bullish reversal towards higher resistance levels.

On the downside, initial support lies at 149.621, with further safety nets at 148.650 and 147.760. A break below 149.621 would confirm bearish momentum, potentially accelerating selling pressure towards the lower support zones. The current price action suggests a consolidation phase, with traders awaiting a decisive breakout for directional clarity.

From a technical perspective, the bearish case is supported by the descending trendline and the 50-day EMA acting as a resistance barrier. However, a reversal above 151.024 would shift the momentum to bullish, invalidating the short-term bearish outlook.

USD/JPY - Trade Ideas

Entry Price – Sell Below 151.025

Take Profit – 149.300

Stop Loss – 152.360

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$1147/ -$887

Profit & Loss Per Mini Lot = +$114/ -$88