USD/JPY has slipped to 149.67, down 0.66% on the day after stalling near the top of a rising channel. The pair failed to reclaim the 50- and 200-day SMAs, which remain tightly aligned near 151.7, now acting as resistance.
🔺 Price is still inside a short-term rising channel, but today's bearish candle suggests waning momentum.
📉 MACD remains in bearish territory, and while it’s improving, there’s no crossover yet.
📉 RSI at 49.06 hovers at the midpoint, showing a lack of conviction either way.
Key Levels:
Resistance: 151.00–151.75 (confluence of moving averages)
Support: 146.95 (61.8% Fib retracement), then 143.71 (78.6% Fib)
A break below the channel could signal a return to the broader downtrend, while a close above 151.75 would shift the short-term outlook bullish.
-MW
🔺 Price is still inside a short-term rising channel, but today's bearish candle suggests waning momentum.
📉 MACD remains in bearish territory, and while it’s improving, there’s no crossover yet.
📉 RSI at 49.06 hovers at the midpoint, showing a lack of conviction either way.
Key Levels:
Resistance: 151.00–151.75 (confluence of moving averages)
Support: 146.95 (61.8% Fib retracement), then 143.71 (78.6% Fib)
A break below the channel could signal a return to the broader downtrend, while a close above 151.75 would shift the short-term outlook bullish.
-MW
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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.