USD/JPY outlook: Bulls attack again pivotal 150.00 barrier

Slobodan Drvenica Windsor Brokers

USD/JPY

USDJPY remains constructive and attacks again key barriers at 149.80/150.00 (bear-channel upper boundary / psychological) on Monday, after a double failure at 150 level last week.

Technical picture is improving on daily chart (converging 10/20DMA’s below the price are about to form a bull-cross / RSI is heading north) but 14-d momentum continues to move sideways on the centreline amd 55/100/200 DMA’s are still in bearish configuration and partially offset positive signals.

Fundamentals are also mixed, as signals that BoJ remains on policy tightening path may offer support to yen, but would be countered by persisting hawkish stance of the US central bank and their latest signals for only two cuts in this year, mainly due to growing concerns that inflation may rise again on escalation of trade war.

Look for reaction at 150 zone for fresh direction signals, with sustained break higher to open way for fresh acceleration higher and unmask targets at 151.25 (Fibo 38.2% of 158.87/146.53) and 151.76 (200DMA).

On the other hand, repeated failure at 150 zone would weaken near-term structure, though bias to remain bullishly aligned while above 20DMA (148.85).

Res: 150.00; 150.53; 151.00; 151.25.
Sup: 149.45; 148.85; 148.72; 148.18.

Interested in USD/JPY technicals? Check out the key levels

1. R3 150.86
2. R2 150.26
3. R1 149.78
PP 149.18
1. S1 148.7
2. S2 148.11
3. S3 147.63

Author

Slobodan Drvenica

Windsor Brokers

Industry veteran with over 22 years’ experience, Slobodan Drvenica joined Windsor Brokers in 1995 when he was an active trader for more than 10 years, managing the trading desk and own account departments.

EUR/USD deflates to multi-week lows near 1.1640

EUR/USD is down for the third straight day on Thursday, coming under extra downside pressure and approaching its transitory 55-day SMA around 1.1640 amid tge persistent recovery in the Greenback. Moving forward, market participants should remain prudent ahead of the release of Friday’s US NFP figures.

GBP/USD: Further weakness could challenge 1.3400

GBP/USD remains under unabated selling pressure on Thursday, slipping to fresh three-day lows around 1.3415 in response to further improvement in the sentiment surrounding the Greenback ahead of Friday’s key NFP data.

Gold edges lower as bulls opt to wait for the crucial US NFP report

Gold struggles to capitalize on the previous day's goodish move up from the vicinity of the $4,400 mark and attracts some sellers during the Asian session on Friday as bulls seem reluctant ahead of the US NFP report. The critical US employment details will offer more cues about the Fed's rate-cut path, which, in turn, will influence the US Dollar price dynamics and provide a fresh impetus to the non-yielding bullion. In the meantime, dovish Fed expectations and rising geopolitical tensions might continue to act as a tailwind for the XAU/USD.

XRP slides as institutional and retail demand falters

Ripple (XRP) is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.

2026 economic outlook: Clear skies but don’t unfasten your seatbelts yet

Most years fade into the background as soon as a new one starts. Not 2025: a year of epochal shifts, in which the macroeconomy was the dog that did not bark. What to expect in 2026? The shocks of 2025 will not be undone, but neither will they be repeated.

XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.