In the latest session, USDJPY is gradually regaining its upward momentum after the US released a better-than-expected manufacturing PMI. The data suggests that the US industrial sector remains strong, reducing pressure on the Fed to ease policy. As a result, the US dollar benefited, lifting USDJPY off its recent technical bottom.
On the H4 chart, the pair is trading within a sideways range between 142.200 and 144.800. Each time it approaches the 142.200 level, buying pressure returns, forming a solid support zone. Although EMA 34 and EMA 89 are slightly sloping downward, the signals are not strong enough to break the current accumulation structure.
Expected scenario: if the price continues to hold above the 142.200 support zone and forms a solid accumulation pattern, USDJPY is likely to bounce toward the 144.800 area – which may act as the next short-term resistance. On the contrary, if the support breaks, the structure could shift into a more bearish outlook.
On the H4 chart, the pair is trading within a sideways range between 142.200 and 144.800. Each time it approaches the 142.200 level, buying pressure returns, forming a solid support zone. Although EMA 34 and EMA 89 are slightly sloping downward, the signals are not strong enough to break the current accumulation structure.
Expected scenario: if the price continues to hold above the 142.200 support zone and forms a solid accumulation pattern, USDJPY is likely to bounce toward the 144.800 area – which may act as the next short-term resistance. On the contrary, if the support breaks, the structure could shift into a more bearish outlook.
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Top trading opportunities are waiting for you! : t.me/+aljKUwb-ar1jNDg1
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
🔥 High-quality signals – Win rate up to 85%
📍 Accurate, verified technical analysis
⚡ Fast updates – Never miss a golden entry
Related publications
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.