USD/JPY Price Analysis: Treads waters below 150.00, focus on US Consumer Sentiment


  • USD/JPY faces a key barrier at 150.00 psychological level.
  • MACD indicator suggests a momentum shift towards a bearish trend.
  • The major level at 149.00 emerges as the support, followed by 21-day EMA.

USD/JPY aims to snap the three-day winning streak, trading around 149.80 during the Asian session on Friday, aligned to the major support level at 150.00. The pair received upward support due to the slew of upbeat economic data from the United States (US).

A decisive break above the level could contribute to support for the pair to explore the area around the monthly high at 150.16, followed by the psychological level at 150.50.

On the downside, the USD/JPY pair could find support near the psychological level at 149.00, followed by the 21-day Exponential Moving Average (EMA) at 148.71.

A firm break below the level could put pressure on the pair to navigate the region around the 148.00 level following the 23.6% Fibonacci retracement at the 147.11 level.

The technical analysis for the USD/JPY pair reveals an interesting dynamic. The Moving Average Convergence Divergence (MACD) line being above the centerline indicates a short-term average above the long-term average. However, a significant development is observed as the line is positioned below the signal line, suggesting a shift in momentum toward a bearish trend.

However, the USD/JPY pair maintains a prevailing bullish momentum, highlighting a stronger bias. This is evident in the 14-day Relative Strength Index (RSI) holding above the 50 level, suggesting that the pair has a persistent strength and is still in bullish territory.

USD/JPY: Daily Chart

USD/JPY: additional levels to watch

Overview
Today last price 149.8
Today Daily Change -0.01
Today Daily Change % -0.01
Today daily open 149.81
 
Trends
Daily SMA20 148.8
Daily SMA50 147.02
Daily SMA100 144.14
Daily SMA200 138.78
 
Levels
Previous Daily High 149.83
Previous Daily Low 148.96
Previous Weekly High 150.16
Previous Weekly Low 147.32
Previous Monthly High 149.71
Previous Monthly Low 144.44
Daily Fibonacci 38.2% 149.5
Daily Fibonacci 61.8% 149.29
Daily Pivot Point S1 149.23
Daily Pivot Point S2 148.66
Daily Pivot Point S3 148.36
Daily Pivot Point R1 150.11
Daily Pivot Point R2 150.4
Daily Pivot Point R3 150.98

 

 

Share: Feed news

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended content

Editors’ Picks

EUR/USD flirts with 1.0500 on mixed US PMI readings

EUR/USD flirts with 1.0500 on mixed US PMI readings

 The bullish momentum remains unchanged around EUR/USD on Friday as the pair keeps its trade close to the area of multi-week highs around the 1.0500 barrier in the wake of the release of mixed results from the preliminary US Manufacturing and Services PMIs for the current month. 

EUR/USD News
GBP/USD challenges recent peaks near 1.2450

GBP/USD challenges recent peaks near 1.2450

GBP/USD pushes harder and puts the area of recent two-week highs near 1.2450 to the test on the back of the intense sell-off in the Greenback, while the British pound also derives extra strength from earluer auspicious prints from advanced UK Manufacturing and Services PMIs.

GBP/USD News
Gold keeps the bid bias near its all-time high

Gold keeps the bid bias near its all-time high

Gold prices maintain the bid tone near their record top at the end of the week, helped by the intense weakness around the US Dollar, alleviating concerns surrounding Trump's tariff narrarive, and a somewhat more flexible stance towards China.

Gold News
Dogelon Mars pumps more than 85%, whales dump 128 billion coins and realize a profit

Dogelon Mars pumps more than 85%, whales dump 128 billion coins and realize a profit

Dogelon Mars (ELON) price continues its rally on Friday after rallying more than 18% this week. On-chain data shows that ELON whale wallets realized profits during the recent surge. The technical outlook suggests a rally continuation of the dog-theme meme coin, targeting double-digit gains ahead.

Read more
ECB and US Fed not yet at finish line

ECB and US Fed not yet at finish line

Capital market participants are expecting a series of interest rate cuts this year in both the Eurozone and the US, with two interest rate cuts of 25 basis points each by the US Federal Reserve and four by the European Central Bank (ECB).

Read more
Trusted Broker Reviews for Smarter Trading

Trusted Broker Reviews for Smarter Trading

VERIFIED Discover in-depth reviews of reliable brokers. Compare features like spreads, leverage, and platforms. Find the perfect fit for your trading style, from CFDs to Forex pairs like EUR/USD and Gold.

Read More

Forex MAJORS

Cryptocurrencies

Signatures