Slobodan Drvenica
Windsor Brokers
USD/JPY
USDJPY remains constructive as bounce from multi-month low (139.88) holds above broken Fibo level at 142.55 (23.6% of 151.20/139.88 bear-leg, reinforced by 10DMA) for the third consecutive day.
Safe haven yen benefited from the recent uncertainty over US trade tariffs and anticipated negative impact on global economy, advancing over 10% from its January low vs US dollar, but the latest calmer tones that come from two biggest world’s economies (USA and China) faded safe haven demand that could further pressure yen if situation continues to improve
Friday’s fresh gains fully reversed Thursday’s drop, keeping in play hopes for attack at pivotal Fibo barrier at 144.21 (38.2% retracement) break of which to strengthen the structure and open way for stronger recovery.
However, predominantly negative daily studies (bearish momentum is still strong and stochastic is overbought) warn of possible recovery stall.
Look for reaction on key levels (142.55 or 144.21) which would provide clearer direction signals.
Res: 143.85; 144.21; 144.78; 145.54.
Sup: 142.55; 141.65; 141.41; 140.47.
-638811739330622252.png)
Interested in USD/JPY technicals? Check out the key levels
- R3 144.47
- R2 143.96
- R1 143.29
- PP 142.78
- S1 142.12
- S2 141.61
- S3 140.94
Updated Apr 24, 00:00 GMTSee Full Study
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
EUR/USD deflates to three-day lows around 1.1130
The euro remains under heavy pressure on Friday, with EUR/USD retreating toward the 1.1130 level to hit new three-day troughs. Despite a weaker reading in the U-Mich index in May, the US Dollar found support as inflation expectations ticked higher.
GBP/USD slips back to 1.3250 on USD-buying
GBP/USD recedes to the mid-1.3200s on Friday session, as the Greenback regains ground against the broadeer risk-linked universe. Supporting the upside in the US Dollar comes a rise in US consumer inflation expectations, according to the latest data from the U-Mich survey.
Gold looks depressed below $3,200
Gold reversed course on Friday, falling sharply below the $3,200 mark after Thursday’s strong rally. The retreat came as a resurgent US Dollar and easing geopolitical tensions weighed on demand for the safe-haven metal. Furthermore, XAU/USD remained under pressure and is on track to log its biggest weekly loss of the year.
Is Ethereum's comeback real?
Ethereum price hovers above $2,500 on Friday after soaring nearly 100% since early April's bottom. The ETH Pectra upgrade has boosted over 11,000 EIP-7702 authorizations in a week, indicating healthy uptake by wallets and dApps.
Trump’s Middle East dealmaking blitz: What does it mean for investors?
President Donald Trump’s May 2025 Middle East visit has unleashed a flurry of mega-deals, aimed at deepening U.S. trade ties, correcting trade imbalances, and reinforcing America’s leadership in defense and technology exports.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.