USD/JPY: Consolidation Before a Downturn

قبل ١٥ ساعة

USD/JPY is stabilizing below the 155.50 level after partially recovering from the previous day’s sharp losses near a one-month low. The pair is currently trading sideways in a consolidation phase, with resistance emerging near the 158.18 zone. On the 4-hour chart, the pair remains under pressure from bearish sentiment driven by diverging expectations between BoJ and Fed policies.

The EMA 34 (156.74) and EMA 89 (156.82) are acting as dynamic resistance levels, limiting the upward momentum. The pair is likely to face rejection around 158.18, which could lead to a retest of the support at 155.18. A break below this level would confirm a bearish continuation towards deeper support.

Trading Strategy:
Short-Term Sell: Enter a sell position near 158.18, targeting profit levels at 156.00 and 155.18. Place a stop-loss above 158.50.
Watch Support Levels: If the price sustains above 155.18, consider short-term buy trades targeting 156.50.

Investors should remain cautious and focus on price action around the key resistance and support zones. The overall bias remains bearish, but volatility may increase as market participants weigh BoJ and Fed policy expectations.