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

Daily Price Outlook

- USD/JPY remains bearish below 147.925, with sellers eyeing 146.985 and 146.547 as key downside targets.

- The 50-day EMA at 147.667 is capping upside moves, reinforcing near-term bearish sentiment.

- A breakout above 148.390 could shift momentum, potentially targeting 149.124 and 149.600.

USD/JPY is holding steady at 147.609, up slightly as the market weighs broader risk sentiment and central bank expectations.

The pair remains under pressure below its pivot point at 148.390, signaling a potential downside move if sellers gain control. The 50-day EMA at 147.667 is acting as a dynamic resistance level, keeping further upside limited for now.

If USD/JPY breaks below immediate support at 147.285, the next downside targets are 146.547 and 145.969, where buyers may attempt to regain control.

However, a move back above 148.390 could shift momentum in favor of the bulls, with resistance at 149.124 and 149.600 standing as key hurdles before the psychologically significant 150.167 level.

For now, USD/JPY remains bearish below 147.925, with traders targeting key support levels. A sustained move below 147.285 could accelerate losses, while a break above 148.390 would indicate a potential shift in sentiment toward further upside.

USD/JPY - Trade Ideas

Entry Price – Sell Below 147.925

Take Profit – 146.985

Stop Loss – 148.663

Risk to Reward – 1: 1.2

Profit & Loss Per Standard Lot = +$940/ -$738

Profit & Loss Per Mini Lot = +$94/ -$73