FX.co ★ USD/JPY

USDJPY D1 Chart Analysis: Let's see how the USD/JPY currency pair is now trading. The critical balance for Monday is 156.776 as we start the new week, which might result in growth toward the difficult level of 158.026. A reversal with a goal of at least the H1 support at 156.276 might occur, nevertheless, if this level is not broken. However, if the pair manages to break beyond 157.996, it may continue to rise in the direction of the D1 resistance at 159.286, which might lead to a reversal. The next objectives are 160.946 and 164.096 in the event of a breakthrough. A break of the Monday balance at 156.776 would indicate a drop to the H1 support of 156.316, followed by a possible reversal and increase to the D1 resistance at 159.286, according to the balance's outlined reversal pattern. The two are in a canal that is rising. Early in the week, there will probably be a little drop to the channel's bottom boundary at 157.036, even if the recent rise has stopped. When this level is reached, the channel's upper price boundary at 158.396 may be the goal of an upward movement and reversal. On the other hand, a break below the lower price boundary of the channel might result in a drop to 155.536. A reversal toward the H4 support at 154.736 is anticipated if the H1 support at 156.286 is likely in the next week. A retreat toward the H1 resistance at 157.346 and a slide into the H4 support at 154.646 may follow the breach of 156.246 on H1. Further price declines from 155.416 or 155.136 may come before the pair's possible decline to 151.636.