FX.co ★ USD/JPY
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USD/JPY
USDJPY daily chart like a pro‑level tech analysis, keeping it raw, detailed, and straight to the point. I’ll hit you with support & resistance, volume, RSI, and risk‑management tips so you can read the market like a chart‑wizard. Price Action & Trend Overview The chart shows USDJPY moving in a bullish phase from late August to early November, then slipping into a consolidation‑correction zone. The current price is hovering around *155.36*, after a high of 159.10 and a recent dip to 154.36. The overall bias looks upward as the pair sits above key moving averages (the red, blue & white lines on the chart). Support & Resistance Levels 1. *Resistance*: Immediate ceiling at *156.90* (recent high). Stronger zone at *159.10* (the all‑time high in this run). Breaking 156.90 could push the pair toward 159.10 or higher. 2. *Support*: First floor *154.85* (current swing low). Next solid base *149.42* (the white MA & previous consolidation). Deep support at *146.61 / 145.90* (lower yellow band), which is the danger zone if bears take over. If price holds above 154.85, the uptrend stays alive. A drop below 154.85 flips the focus to 149.42 and signals a deeper correction. Volume Analysis The volume pane shows *4,370* average daily volume with spikes during the October surge. *High volume* on the October rally confirms strong buyer interest, making the move legit. Recent volume has shrunk a bit, indicating fading momentum – a warning that the next move might be less explosive unless a volume spike returns. RSI (Relative Strength Index) The 14‑period RSI sits at *53.64*, right in neutral territory. RSI above 50 favors bulls, but it’s not in overbought (>70) territory yet, leaving room for an upward push. If RSI climbs toward 70, the pair could get overbought and face a pullback. A dip below 50 would strengthen bearish signals and push price toward support zones. MACD (for extra edge) The MACD line (0.655) is above the signal line (1.029), showing a weakening bullish momentum in the histogram. This suggests the upswing is losing steam, so watch for a crossover that could trigger a reversal.
