Slobodan Drvenica
Windsor Brokers
USD/JPY
USDJPY jumped over two figures on Friday after Bank of Japan kept interest rates unchanged and signaled it was not in rush for further hikes, despite the borrowing cost is still very low.
Renewed attempt higher comes after Thursday’s rally of almost identical size stalled on approach to 144 barrier, with subsequent pullback contributing to daily candle with long upper shadow.
This could be a significant warning despite today’s renewed strength, as key barriers at 144.29/45 (Fibo 61.8% of 147.21/139.57/ daily Kijun-sen) need to be cleared to sideline persisting downside risk.
Daily studies point to bearish signals from still strong negative momentum, thickening descending daily cloud and overbought stochastic, partially offset by 10/20DMA’s now turning to bullish setup.
Fresh recovery is expected to keep in play while holding above broken 20DMA (143.42) though larger picture to remain biased lower as long as the price action holds below daily Kijun-sen.
Res: 144.45; 145.00; 145.40; 146.07.
Sup: 143.42; 142.49; 142.27; 142.00.
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
AUD/USD keeps range near 0.6500 after Australian CPI data
AUD/USD keeps wavering near 0.6500 in Wednesday's Asian trading. The Aussie faces headwinds from softer Australian CPI inflation data for May, which fans RBA rate cut expectations. A softer US Dollar, however, lends support to the pair despite a cautious market mood.
USD/JPY stalls the rebound below 145.00 after Japan's PPI, BoJ commentary
USD/JPY stalls the bounce below 145.00 following strong Japanese Services PPI data, which supports the case for more BoJ rate hikes and the Japanese Yen, despite the mixed BoJ's June Summary of Opinions. Meanwhile, the US Dollar's downside bias also keeps the pair on the defensive.
Gold defends 50-day SMA, but for how long?
Gold price is building on its previous rebound early Wednesday, snapping a three-day bearish streak as the US Dollar rebound fizzles ahead of day 2 of Federal Reserve Chair Jerome Powell’s congressional testimony and mid-tier US data.
SEI, SYRUP, APT eye further gains as investors focus on Made in America tokens
Sei extends the weekly run on Wednesday, hitting a new two-month high. Maple Finance records a new all-time high, nearing a channel breakout. Aptos ticks lower after two days of recovery, bouncing off the lower boundary of a falling channel.
Could Iran block the Strait of Hormuz? Why Oil is on edge after US strikes
As the Israel-Iran conflict reaches new heights, an old threat is coming back to haunt the markets: that of the closure of the Strait of Hormuz. This narrow arm of the sea in the Persian Gulf, wedged between Iran to the north and the United Arab Emirates and Oman to the south, is much more than a simple sea passage.
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.