USD/JPY Price Analysis: Steady poised for potential uptrend as the week closes

USD/JPY shows minimal change, indicating a stable weekly close.
The weekly chart suggests an upward trend with resistance at Tenkan-Sen (149.53); a break above could target 150.00.
USD/JPY daily chart key levels to watch include 150.77 and YTD high at 151.91 for upside, 148.01, and 147.15 for downside.

Christian Borjon Valencia FXStreet

The USD/JPY is almost flat late in the North American session, though set to end the week near today’s opening price and exchange hands at 149.47, printing minuscule losses of 0.02%.

From a weekly chart perspective, the USD/JPY is upward biased, and as the week comes to an end, a ‘dragonfly doji’ is forming, which implies the pair could resume its uptrend. Nevertheless, the major faces solid resistance at the Tenkan-Sen at 149.53. If buyers achieve a weekly close above the latter, the pair could re-test the 150.00 figure.

The USD/JPY daily chart shows back-to-back session posting doji’s, which implies traders are undecided. On the upside, traders will collide with the Tenkan-Sen at 149.47, followed by the 150.00 figure, and the November 17 swing high at 150.77. Once cleared, the next resistance would be the year-to-date (YTD) high of 151.91.

On the flip side, if sellers drag prices below 149.00, that would exacerbate a drop toward the November 21 daily low of 148.01, followed by the latest cycle low at 147.15.

USD/JPY Price Analysis – Daily Chart

USD/JPY Technical Levels

USD/JPY

Overview
Today last price	149.48
Today Daily Change	-0.09
Today Daily Change %	-0.06
Today daily open	149.57

Trends
Daily SMA20	150.26
Daily SMA50	149.6
Daily SMA100	146.68
Daily SMA200	141.7

Levels
Previous Daily High	149.69
Previous Daily Low	148.89
Previous Weekly High	151.91
Previous Weekly Low	149.2
Previous Monthly High	151.72
Previous Monthly Low	147.32
Daily Fibonacci 38.2%	149.2
Daily Fibonacci 61.8%	149.39
Daily Pivot Point S1	149.07
Daily Pivot Point S2	148.58
Daily Pivot Point S3	148.27
Daily Pivot Point R1	149.88
Daily Pivot Point R2	150.19
Daily Pivot Point R3	150.68

Author

Christian Borjon Valencia

FXStreet

Markets analyst, news editor, and trading instructor with over 14 years of experience across FX, commodities, US equity indices, and global macro markets.

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