Slobodan Drvenica
Windsor Brokers
USD/JPY
USDJPY remains at the back foot on Wednesday and dips further below 150 level, which reverted to solid resistance (three consecutive attacks stalled here).
Fresh weakness pressures 20DMA (149.06, where bears faced strong rejections in past two days) which offers good support, along with nearby 50% retracement of 146.53/151.20 upleg (148.87).
Rising risk aversion ahead of tonight’s tariff decision continues to underpin demand for safe haven Japanese yen.
The pair is likely to accelerate lower if President Trump opts for implementation of full package of import tariffs, which would escalate trade war and further destabilize already fragile conditions in the global economy.
Sustained break of 149.06/148.87 to confirm an end of corrective phase (146.32/151.20) and expos targets at 148.32 and 147.64 (Fibo 61.8% and 76.4% respectively).
Strong barriers at 150.00 (psychological/10DMA) should keep the upside protected and maintain bearish bias, while firm break higher would be a game changer.
Res: 150.00; 150.26; 151.00; 151.38.
Sup: 149.06; 148.87; 148.32; 148.00.
Interested in USD/JPY technicals? Check out the key levels
The information contained in this document was obtained from sources believed to be reliable, but its accuracy or completeness cannot be guaranteed. Any opinions expressed herein are in good faith, but are subject to change without notice. No liability accepted whatsoever for any direct or consequential loss arising from the use of this document.
Recommended Content
Editors’ Picks
AUD/USD touches two-week high near 0.6350 after RBA meeting minutes
AUD/USD attracts buyers for the fifth straight day on Tuesday and climbs to a nearly two-week low near 0.6350 following the release of RBA minutes, which indicated that the May meeting would be an opportune time to reconsider reacting to potential risks. This, along with a positive risk tone, acts as a tailwind for the Aussie.
USD/JPY trades with positive bias above 143.00; upside potential seems limited
USD/JPY gains some positive traction on Tuesday and now seems to have snapped a three day losing streak to a multi-month low touched last week. The upbeat market mood undermines the safe-haven JPY and lends support amid a modest USD uptick.
Gold looks north amid US tariffs uncertainty
Gold price is bouncing back toward the record highs of $3,246 set on Monday as buyers fight back control despite a sense of calm across the financial markets early Tuesday.
Dogecoin, Shiba Inu and Fartcoin price prediction if Bitcoin crosses $100K this week
The meme coin market fell sharply on Monday, shedding 4.8% in market capitalization to settle at $49.25 billion. The sell-off coincided with increased volatility across broader crypto markets while investors rotated funds into Bitcoin briefly tested the $85,000.
Is a recession looming?
Wall Street skyrockets after Trump announces tariff delay. But gains remain limited as Trade War with China continues. Recession odds have eased, but investors remain fearful. The worst may not be over, deeper market wounds still possible.
The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.