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Trader Journals:::2025-08-22T03:24:31

USD/JPY

Technical analysis 22 Agust 2025 USD/JPY D-1

USD/JPY

Based on the image provided, here is an analysis of the USD/JPY chart: Overall Trend: * The chart shows the US Dollar vs. Japanese Yen (USD/JPY) currency pair. * The price has been in a general uptrend since mid-April 2025, reaching a high point in late July 2025. * More recently, from late July to mid-August 2025, the price appears to be consolidating or experiencing a minor pullback, trading within a range between approximately 147.50 and 148.60. Key Price Levels: * Current Price: The current bid price is 148.536, and the ask price is 148.560. * Support & Resistance: * There is a clear resistance level around 149.639 (the July high). * There's a notable support level near 145.659, which acted as resistance in May and then turned into support in July. * Another support level is visible around 143.669. Technical Indicators: * Moving Averages / Trend Lines: The chart displays several lines that look like moving averages or trend channels. The price is currently trading above a blue line, which could be a long-term moving average, indicating a bullish bias. There is also a dashed purple line that appears to be acting as support. * Ichimoku Cloud: The chart appears to use a variation of the Ichimoku Kinko Hyo indicator, with a cloud-like area (the shaded green and purple regions). The price is currently trading above the cloud, which is typically considered a bullish signal. The green cloud section indicates a bullish trend. * RSI (Relative Strength Index): The RSI (14) indicator at the bottom of the chart shows a value of 56.32. This is above the neutral 50 level, suggesting some bullish momentum, but it is not in the overbought territory (typically above 70), indicating there may be room for further price increases. The RSI has been trending downwards from its July high, which corresponds with the recent price consolidation. Summary: The USD/JPY chart shows a strong long-term uptrend that is currently in a period of consolidation. The price is trading above key support levels and the Ichimoku cloud, and the RSI is in a neutral-to-bullish zone. The immediate outlook is a potential continuation of the uptrend, but a break below recent support levels could signal a deeper correction. The key resistance to watch is the previous high around 149.639.
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