USD/JPY Price Analysis: To test the 20-day EMA after hitting a new session high around 130.50

USD/JPY recovers some ground as traders brace for a busy US economic calendar.
Buyers are eyeing a test of the 20-day EMA, as the RSI and RoC suggest the USD/JPY could print a leg-up in the near term.
SUD/JPY Price Analysis: Remains downward biased, but it could aim higher.

Christian Borjon Valencia FXStreet

USD/JPY erases last Friday’s losses and reaches a new session high at 130.49, though slightly beneath the 20-day Exponential Moving Average (EMA), used as a barometer for short-term bias, which remains above the exchange rate. Therefore, the USD/JPY remains bearish despite trading at 130.49, above its opening price by 0.56%.

USD/JPY Price Analysis: Technical outlook

From a price action point of view, the USD/JPY remains bearish biased, even though it printed new daily highs. However, USD/JPY buyers need to clear the 20-day EMA at 130.57, to open the door for further gains. Traders should be aware the Rate of Change (RoC) depicts the buyer gaining momentum, while the Relative Strength Index (RSI) is about to turn bullish, suggesting that upward pressure is building.

Therefore, the USD/JPY first resistance would be the 131.00 figure. A breach of the latter will expose a one-month-old downslope trendline at around 131.330-40, followed by the January 18 daily high at 131.57, and then January’s 11 swing high

As an alternate scenario, if the USD/JPY tumbles below 130.00. the next support would be the January 30 daily low of 129.19. A breach of the latter will expose the psychological 128.00, followed by the YTD low at 127.21.

USD/JPY Key Technical Levels

USD/JPY

Overview
Today last price	130.47
Today Daily Change	0.59
Today Daily Change %	0.45
Today daily open	129.88

Trends
Daily SMA20	130.38
Daily SMA50	133.83
Daily SMA100	139.46
Daily SMA200	136.76

Levels
Previous Daily High	130.28
Previous Daily Low	129.5
Previous Weekly High	131.12
Previous Weekly Low	129.02
Previous Monthly High	138.18
Previous Monthly Low	130.57
Daily Fibonacci 38.2%	129.8
Daily Fibonacci 61.8%	129.98
Daily Pivot Point S1	129.49
Daily Pivot Point S2	129.11
Daily Pivot Point S3	128.71
Daily Pivot Point R1	130.27
Daily Pivot Point R2	130.67
Daily Pivot Point R3	131.05

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.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.