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. Fed Meeting Results May Lead the Pair to a Decline

The pair is consolidating in a narrow range below the resistance level of 1.1345 in anticipation of the outcome of the Fed's monetary policy meeting, which will conclude on Wednesday

Pati Gani 10:59 2025-05-05 UTC+2

EUR/USD – May 5th: The U.S. Labor Market Is Not Hopeless

On Friday, the EUR/USD pair rose to the level of 1.1374, bounced off, and reversed in favor of the U.S. dollar. The bears attacked again, but only briefly, and overall

Samir Klishi 10:57 2025-05-05 UTC+2

GBP/USD – May 5: Trump May Lift Tariffs on China

On the hourly chart, the GBP/USD pair continued its decline on Friday toward the 161.8% Fibonacci correction level at 1.3249. A rebound from this level will favor the British pound

Samir Klishi 10:51 2025-05-05 UTC+2

Forex forecast 05/05/2025: EUR/USD, GBP/USD, USD/JPY, USD/CHF, USD/CAD 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 10:23 2025-05-05 UTC+2

Technical Analysis of Intraday Price Movement of Gold Commodity Instrument, Monday May 05, 2025.

With the appearance of the Failing Wedge pattern on the 4-hour chart, it gives an indication that in the near future it has the potential to go to the level

Arief Makmur 08:23 2025-05-05 UTC+2

Technical Analysis of Intraday Price Movement of EUR/JPY Cross Currency Pairs, Monday May 05, 2025.

By looking at the 4-hour chart of the EUR/JPY cross currency pair, it appears that in the near future EUR/JPY has the potential to strengthen, which is confirmed

Arief Makmur 08:23 2025-05-05 UTC+2

Technical Analysis of Intraday Price Movement Nasdaq 100 Index, Friday May 02, 2025.

From what is seen on the 4-hour chart of the Nasdaq 100 index, the Stochastic Oscillator indicator is in a Crossing SELL condition and the appearance of a Rising Wedge

Arief Makmur 08:04 2025-05-02 UTC+2

Trading Signals for GOLD (XAU/USD) for May 1-3, 2025: buy above $3,203 (200 EMA - 5/8 Murray)

The price of the yellow metal is likely to trade between 3,203 and could reach the bottom of the bearish channel around 3,181 in the coming days, a level that

Dimitrios Zappas 17:49 2025-05-01 UTC+2

Trading Signals for EUR/USD for April 30, 2025: sell below 1.1376 (21 SMA - 7/8 Murray)

Early in the American session, the EUR/USD pair is trading around 1.1378 within the downtrend channel formed on April 17 and showing signs of exhaustion of bullish strength. A technical

Dimitrios Zappas 17:37 2025-04-30 UTC+2

Forex forecast 30/04/2025: EUR/USD, AUD/USD, USD/JPY, 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 16:31 2025-04-30 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.