📉 Current Market View: Neutral to Bearish
🔹 Technical Analysis
🔸 Trend: Downtrend continuation
🔸 Key Resistance: 148.40 (FVG & 0.618 Fib)
🔸 Key Support: 146.97 (Previous Low)
📊 Positive Indicators:
✅ MACD – Bullish crossover, indicating short-term momentum shift.
✅ RSI (65) – Above neutral, suggesting strong buying pressure.
✅ OBV – Increasing, reflecting higher volume supporting the move.
⚠️ Negative Indicators:
❌ Stochastic (85) – Overbought, possible retracement incoming.
❌ Bollinger Bands – Price hitting upper band, signaling exhaustion.
❌ ADX (25) – Weak trend strength, move could lack conviction.
📈 Fundamentals Driving USD/JPY
🔸 USD Tariff Impact: Recent shifts in US trade policy causing uncertainty.
🔸 German Spending Surge: A major fiscal shift could impact Euro & risk appetite.
🔸 China’s Growth Pivot: Structural changes influencing global trade flows.
🔸 Stock Market Comparison: S&P 500 underperforming vs. Chinese & European markets.
🌍 Global trade expected to rebound in 2025, with forecasts predicting a 3.3% increase, following a 2023 decline.
🔹 Technical Analysis
🔸 Trend: Downtrend continuation
🔸 Key Resistance: 148.40 (FVG & 0.618 Fib)
🔸 Key Support: 146.97 (Previous Low)
📊 Positive Indicators:
✅ MACD – Bullish crossover, indicating short-term momentum shift.
✅ RSI (65) – Above neutral, suggesting strong buying pressure.
✅ OBV – Increasing, reflecting higher volume supporting the move.
⚠️ Negative Indicators:
❌ Stochastic (85) – Overbought, possible retracement incoming.
❌ Bollinger Bands – Price hitting upper band, signaling exhaustion.
❌ ADX (25) – Weak trend strength, move could lack conviction.
📈 Fundamentals Driving USD/JPY
🔸 USD Tariff Impact: Recent shifts in US trade policy causing uncertainty.
🔸 German Spending Surge: A major fiscal shift could impact Euro & risk appetite.
🔸 China’s Growth Pivot: Structural changes influencing global trade flows.
🔸 Stock Market Comparison: S&P 500 underperforming vs. Chinese & European markets.
🌍 Global trade expected to rebound in 2025, with forecasts predicting a 3.3% increase, following a 2023 decline.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.