USDJPY Intraday Levels
Here’s what the technicals and market-drivers suggest today for USD/JPY — what to watch, likely ranges, and what might move price.
🔧 Key Intraday Levels to Watch
| Type | Level | Significance for Today |
|---|---|---|
| Resistance | ~ 148.00 | This is acting as a rigid ceiling right now. USD/JPY has struggled to push and hold above there. ~148.30 is also in view as the next resistance. |
| Support | ~ 147.15-147.20 | Moving averages (shorter term) cluster around this zone. If price drops below, it may open a path to weaker levels. |
| ~ 146.30 | A stronger support if we see a break below the 147.20 area. Often cited in trade ideas as a level to watch for stronger downside potential. | |
| Pivot / Neutral | ~ 147.50-147.60 | Acts as a midpoint. Holding above this keeps upside potential alive; dropping below shifts bias downward. |
📉 Intraday Bias & What’s More Likely
- The overall bias is neutral in the short-term (today). Price is consolidating between resistance around 148.00 and support near ~147.15-147.20.
- If USD/JPY breaks above 148.00 with momentum, it could test ~148.30 – perhaps even 148.70 if buyers step in strongly.
- If it breaks below ~147.15-147.20, watch for downward pressure toward ~146.30. A drop below could accelerate declines.
🔍 What’s Moving It Today (Fundamentals / News)
- USD strength is helping USD/JPY, as the U.S. dollar has been supported by recent Fed-related expectations.
- Market is also awaiting Japan’s CPI and BoJ interest rate decision. Even if rates are expected to be unchanged, the guidance will matter heavily.
- Technical resistance at 148.00 seems to be reinforced by traders—it’s a psychological level plus prior highs. That tends to increase supply/ selling interest there.
No comments: