empty
28.04.2025 03:51 AM
USD/JPY – Summary and Prospects

This image is no longer relevant

Last week, the market updated the low, but the sellers failed to continue the downward movement fully. This may have been because the previous week's low (141.63) was reinforced by the monthly support level (141.96). Consequently, the decline was halted, and the pair began showing upward correction. Thanks to this correction, the bulls reclaimed support from the daily short-term trend, which is currently located at 141.97, and continue pushing upward.

The nearest targets at the moment are the resistances of the daily Ichimoku cross (144.22 – 145.56), now reinforced by the weekly short-term trend (145.56) and the monthly medium-term trend (145.81). Overcoming these resistance levels will shift the market's focus towards new prospects.

If the corrective rise ends and the pair falls below the nearest support around 141.96 (the final level of the monthly Ichimoku cross + the daily Tenkan), it will pose new challenges for the sellers. The bears will need to restore the downtrend (139.90) and continue the decline toward the weekly targets for breaking through the cloud (133.23 – 136.10), reinforced by the upper boundary of the monthly cloud (133.88).

This image is no longer relevant

The buyers currently have the main advantage. The resistances of the classic pivot levels will be additional reference points for intraday growth development.

Upon completion of the rise, the nearest and most important reference points will be the supports of the key levels: 142.79 (the daily central Pivot level) and 142.04 (the weekly long-term trend). A breakthrough and reversal of the trend would transfer the main advantage to the sellers, thus supporting the further development of bearish sentiment. Reference points for the intraday decline are supports of the classic pivot levels. The actual Pivot values will be available at the market open and updated daily.

***

Technical Analysis Components:
  • Higher Timeframes: Ichimoku Kinko Hyo (9.26.52) and Fibonacci Kijun levels
  • H1: Classic Pivot Points and 120-period Moving Average (weekly long-term trend)
Evangelos Poulakis,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

EUR/USD Forecast for June 17, 2025

The euro continues to show resilience in the face of geopolitical risks, but it is not doing so independently. It is supported by oil prices and technical consolidation

Laurie Bailey 04:51 2025-06-17 UTC+2

GBP/USD Forecast for June 17, 2025

The British pound is gradually squeezed between the MACD line on the daily chart and the resistance level at 1.3635. The key question now is: which direction will the price

Laurie Bailey 04:48 2025-06-17 UTC+2

AUD/USD Forecast for June 17, 2025

The Australian dollar has been consolidating near the ascending price channel line at 0.6550 for eight consecutive sessions. The Marlin oscillator has been consolidating above the zero line even longer—since

Laurie Bailey 04:48 2025-06-17 UTC+2

XAU/USD. Analysis and Forecast

Gold is currently holding on to its intraday losses. Overall positive sentiment in the stock markets is undermining demand for bullion. However, a combination of factors is preventing bears from

Irina Yanina 12:18 2025-06-16 UTC+2

Forecast for EUR/USD on June 16, 2025

On Friday, the EUR/USD pair reversed in favor of the U.S. dollar and consolidated below the 100.0% Fibonacci correction level at 1.1574. This did not happen without reason, which

Samir Klishi 12:02 2025-06-16 UTC+2

Forex forecast 16/06/2025: EUR/USD, GBP/USD, USD/JPY, Oil, Gold and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:30 2025-06-16 UTC+2

GBP/USD – June 16th: Bulls Hold the 1.3527 Level

On the hourly chart, the GBP/USD pair on Friday rebounded twice from the 127.2% Fibonacci retracement level at 1.3527 and rose toward the resistance zone of 1.3611–1.3633. However, prior

Samir Klishi 10:27 2025-06-16 UTC+2

Technical Analysis of Daily Price Movement of USD/IDR Exotic Currency Pairs, Monday June 16, 2025.

With the appearance of the Bullish 123 pattern in the midst of the weakening conditions of this exotic currency pair, that has been confirmed by the movement of the USD/IDR

Arief Makmur 07:16 2025-06-16 UTC+2

Technical Analysis of Intraday Price Movement of Crude Oil Commodity Instrument, Monday June 16, 2025.

On the 4-hour chart of the Crude Oil commodity instrument, there is an appearance of Divergence between the #CL price movement and the Stochastic Oscillator indicator, indicating that

Arief Makmur 07:16 2025-06-16 UTC+2

Trading Signals for EUR/USD for June 13-19, 2025: buy above 1.1500 (21 SMA - 7/8 Murray)

Under the opposite scenario, if the euro falls below 1.1490, it is likely to reach the 200 EMA, which is located at 1.1340 and coincides with the bottom

Dimitrios Zappas 14:14 2025-06-13 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.