Dolar A.S. / Yen JepunSingkat
USD/JPY: Awaiting a Downward Turn Amid Technical Rebound
The USD/JPY pair experienced a 0.6% rise on Friday, driven by a robust recovery in the U.S. dollar. This rebound followed a technical bounce from key moving averages. Despite this recovery, the broader outlook for USD/JPY hints at potential downside, as the market increasingly anticipates Federal Reserve rate cuts.
On the daily chart, the pair remains capped by strong resistance near 158.53. The price action suggests a limited ability to sustain further gains, particularly as selling pressure intensifies near this zone. Immediate support is observed around the 153.39 mark, with a broader target at 151.41 if bearish momentum strengthens.
Trade Strategy Integrated: Traders could look for short positions near 158.53, with take-profit levels at 153.39 and extended targets near 151.41. A stop-loss above 158.80 protects against unexpected breakouts. Alternatively, a failure to sustain above 156.30 could offer an early entry signal for bears.
Market participants are advised to closely monitor U.S. dollar dynamics and any developments from the Federal Reserve, as these will likely dictate the pair's trajectory in the coming sessions. Anticipate potential volatility as key levels are tested.
On the daily chart, the pair remains capped by strong resistance near 158.53. The price action suggests a limited ability to sustain further gains, particularly as selling pressure intensifies near this zone. Immediate support is observed around the 153.39 mark, with a broader target at 151.41 if bearish momentum strengthens.
Trade Strategy Integrated: Traders could look for short positions near 158.53, with take-profit levels at 153.39 and extended targets near 151.41. A stop-loss above 158.80 protects against unexpected breakouts. Alternatively, a failure to sustain above 156.30 could offer an early entry signal for bears.
Market participants are advised to closely monitor U.S. dollar dynamics and any developments from the Federal Reserve, as these will likely dictate the pair's trajectory in the coming sessions. Anticipate potential volatility as key levels are tested.
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