empty
25.07.2022 07:03 PM
USD/JPY: fresh bearish pattern

The USD/JPY pair rebounded as the Dollar Index seems oversold while the Japanese Yen Futures ended its growth. It was traded at 136.68 at the time of writing. Still, the current rebound could be only a temporary one.

Tomorrow, the Japanese economic data could change the sentiment. The Monetary Policy Meeting Minutes, SPPI, and the BOJ Core CPI could bring more volatility. The US CB Consumer Confidence could be decisive. Worse than expected US data could force the greenback to depreciate.

Fundamentally, the most important event of the week is represented by the FOMC. The Federal Funds Rate is expected to be increased from 1.75% to 2.50%.

USD/JPY Up-Channel!

This image is no longer relevant

As you can see on the H1 chart, the price turned to the upside after reaching 135.56. Now, it has developed an up-channel that could represent a bearish pattern. Now, it challenges the 136.71 - 137.00 resistance zone.

Staying below this zone may signal that the downside movement is not over yet. Only a valid breakout above 137.00 could announce further growth.

USD/JPY Forecast!

Testing and retesting the 136.71 - 13700 resistance area, registering only false breakouts, and making a valid breakdown below the uptrend line could announce a new sell-off. A new lower low, dropping and closing below 136.21 could bring new selling opportunities.

Ralph Shedler,
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

USD/JPY: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the Japanese Yen The test of the 145.19 price level in the first half of the day coincided with the MACD indicator just beginning

Jakub Novak 20:10 2025-06-19 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the British Pound The test of the 1.3394 price level in the first half of the day coincided with the MACD indicator just beginning

Jakub Novak 20:08 2025-06-19 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 19th (U.S. Session)

Trade Review and Advice for Trading the Euro The test of the 1.1459 price level in the first half of the day coincided with the MACD indicator just beginning

Jakub Novak 20:06 2025-06-19 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders on June 19. Analysis of Yesterday's Forex Trades

The test of the 144.78 price level coincided with a moment when the MACD indicator had just begun to move downward from the zero line, confirming a valid entry point

Jakub Novak 08:23 2025-06-19 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders on June 19. Analysis of Yesterday's Forex Trades

The test of the 1.3467 level occurred when the MACD indicator was beginning to rise from the zero mark, confirming a valid entry point for buying the pound. However

Jakub Novak 08:23 2025-06-19 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders on June 19. Analysis of Yesterday's Forex Trades

The price test at 1.1518 occurred when the MACD indicator started to move upward from the zero mark, confirming the correct entry point for buying the euro—which resulted in only

Jakub Novak 08:23 2025-06-19 UTC+2

Intraday Strategies for Beginner Traders on June 19

Pressure on risk assets persisted following Wednesday's trading session, intensifying after the Federal Reserve's interest rate decision. The U.S. President's ambiguous statements regarding the Middle East also increased demand

Miroslaw Bawulski 06:53 2025-06-19 UTC+2

USD/JPY: Simple Trading Tips for Beginner Traders – June 18th (U.S. Session)

Trade Review and Trading Tips for the Japanese Yen The first test of the 144.84 level in the first half of the day occurred when the MACD indicator had already

Jakub Novak 19:12 2025-06-18 UTC+2

GBP/USD: Simple Trading Tips for Beginner Traders – June 18th (U.S. Session)

Trade Review and Tips for Trading the British Pound The test of the 1.3467 level in the first half of the day coincided with the MACD indicator rising significantly above

Jakub Novak 19:03 2025-06-18 UTC+2

EUR/USD: Simple Trading Tips for Beginner Traders – June 18th (U.S. Session)

Trade Review and Tips for Trading the Euro The first test of the 1.1515 level during the first half of the day coincided with the MACD indicator rising significantly above

Jakub Novak 19:01 2025-06-18 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.