Slobodan Drvenica
Windsor Brokers
USD/JPY
USDJPY is holding in a sideways mode under new 2023 top for the third consecutive day but remains on track for bullish weekly close.
Today’s short-lived dip was contained by rising 10DMA and left long tail on daily candle, pointing to strong bids and suggesting that larger bulls remain firmly in play.
Overbought conditions on daily chart signal that the action may hold in extended consolidation before bulls tighten grip, for attack at initial target at 148.00, which guards barriers at 148.82 (Nov 2022 high) and 150 (psychological).
Near-term bias is expected to remain with bulls above broken Fibo barrier at 146.10 (76.4% of 151.94/127.22, reinforced by 20DMA).
Although traders remain cautious on persisting threats of intervention, the dollar remains attractive, due to expectations that the Fed will keep high borrowing cost for extended period, as well as persisting gap between US and Japan’s monetary policies.
Res: 147.87; 148.00; 148.82; 150.00.
Sup: 146.68; 146.10; 145.23; 144.44.
Interested in USD/JPY technicals? Check out the key levels
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
Gold price sits at fresh record high above $3,070 amid Trump's tariff plans
Gold price sits at fresh all-time peak above $3,070 early Friday as escalating global trade tensions, the uncertainty over Trump's reciprocal tariffs, and the risk-off mood continue to drive safe-haven flows. Bets that the Fed will resume its rate-cutting cycle soon lend additional support to the bullion.
USD/JPY stays weak below 151.00 after hot Tokyo CPI; US PCE awaited
USD/JPY keeps the selling pressure intact below 151.00 in late Asian trading on Friday. Hot Tokyo CPI figures and BoJ's March Summary of Opinions ramp up BoJ rate hike bets, supporting the Japanese Yen. Meanwhile, tariff jitters undermine the US Dollat, bolstering the haven demand for the Yen. US PCE eyed.
AUD/USD drops below 0.6300 amid trade war fears
AUD/USD drops back below 0.6300 in Friday's Asian trading, undermined by broad risk-aversion due to US President Trump's latest auto tariffs announcements. Traders now look to the US PCE Price Index for some meaningful impetus. Hopes for more stimulus from China could cap the Aussie's decline.
Top 3 crypto gainers today: SUI,TONCOIN, Pi Network price predictions
SUI, Toncoin, and Pi Network have emerged as the top-performing assets among the top 20 ranked cryptocurrencies on Thursday. These altcoins saw impressive gains driven by fundamental developments, institutional interest, and growing community activity.
US: Trump's 'Liberation day' – What to expect?
Trump has so far enacted tariff changes that have lifted the trade-weighted average tariff rate on all US imports by around 5.5-6.0%-points. While re-rerouting of trade will decrease the effectiveness of tariffs over time, the current level is already close to the highest since the second world war.
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.