USDJPY USDJPY 30-Min Chart – Wedge Pattern Signals Long Opportunity
U.S. Dollar / Japanese Yen forum
USDJPY USDJPY 30-Min Chart – Wedge Pattern Signals Long Opportunity
USDJPY Moving like Old D
USDJPY support resistance at 145.80 and 145.344 wait for break
USDJPY 2/2 Fundamental Analysis & USD News
May 12 – Fed Chair Powell Speech
Hawkish tone could propel USDJPY toward 146.500 resistance
May 15 – US Retail Sales Data
Strong figures may reinforce bullish EMA alignment
May 22 – FOMC Meeting Minutes
Clarity on rate cut timeline to drive volatility
JPY Considerations:
BoJ maintaining ultra-loose policy → JPY remains funding currency
Conclusion
USDJPY's technical structure favors cautious bullishness, with 145.634 Fib level acting as pivotal. Traders should monitor EMA 50 (145.120) on 4H for dynamic support and Fed speeches for directional catalysts. Key resistance at 146.300 remains the litmus test for trend continuation.
USDJPY 1/2 USDJPY Daily Market Analysis – May 9, 2025
Introduction
The USDJPY pair currently trades at 145.290, showing moderate bullish momentum after testing key support levels. This analysis combines multiple technical indicators across daily and 4-hour timeframes to identify high-probability trading opportunities, incorporating:
Fibonacci retracement (swing high: 151.214, low: 142.054)
Multi-EMA confluence (50/100/200/400)
RSI divergence patterns
Weekly/Daily Pivot Points
Order Block structures
Technical Analysis
1. Support & Resistance Levels
Daily Timeframe:
Support: 144.820 (previous swing low) → 143.500 (psychological level)
Resistance: 146.300 (recent high) → 147.950 (2025 YTD peak)
4-Hour Timeframe:
Support: 145.000 (intraday low) → 144.400 (EMA 200 confluence)
Resistance: 145.750 (London session high) → 146.100 (order block)
2. Exponential Moving Averages (EMA)
Daily Values:
EMA 50: 144.910
EMA 100: 143.620
EMA 200: 142.300
EMA 400: 140.850 (Bullish alignment above all EMAs suggests trend continuation)
4-Hour Values:
EMA 50: 145.120
EMA 100: 144.800
EMA 200: 144.400
EMA 400: 143.700 (Price holding above EMA 50 indicates short-term strength)
3. Fibonacci Retracement Levels
From swing low (142.054) to high (151.214):
23.6%: 143.420
38.2%: 144.630 (Key intraday support)
50%: 145.634 (Current price testing this level)
61.8%: 146.640 (Next bullish target)
4. Pivot Points
Weekly Pivots:
R1: 146.200
Pivot: 145.000
S1: 143.800
Daily Pivots:
R1: 145.850
Pivot: 145.290 (Price at pivot suggests indecision)
S1: 144.700
5. Momentum Indicators
RSI (14): 58 (neutral-bullish), with hidden bullish divergence on 4H chart
MACD: Histogram turning positive, signal line crossover imminent
6. Smart Money Concepts
Order Blocks:
Bullish OB at 144.200-144.600 (April 25 consolidation)
Bearish OB at 146.000-146.400 (May 2 rejection)
Liquidity Pools:
Stop hunts likely below 144.800 (4H EMA 200)
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USDJPY USD/JPY might not be able to break above 146.55 – UOB GroupScope for US Dollar (USD) to rise further vs Japanese Yen (JPY); overbought conditions suggest any advance might not be able to break above...