USD/JPY Discussion

The USDJPY price action on the daily time frame is sideways at the 156.650 intra-day horizontal support. Nevertheless, recent technical prints support a price engineering to retest an intra-day area of value, such as a northward market imbalance.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

$DXY resistance test here

Target hit

The USDJPY price is moving along the local uptrend line formed on H4. However, a pullback to the support level of 157.84 is possible, from which it would be best to look for an entry point for continued buying, targeting the resistance level of 159.82.

Target hit

The USDJPY price action on the H4 time frame is tackling the 61.8-fib retracement of the bearish swing traceable to April 26, 2026. Technically, we may still see further northward price action in the early part of this week before a southward rotation.

I may be wrong. Trade safe and prosper.

KP

Attached Image (click to enlarge)

Entered long and aiming for a 1:2.

Trailing SL hit at 1:1. Pretty good trade overall.

DXY here now