📊 Technical Analysis
💡 Fundamental Analysis
The Fed maintains high rates, while the BoJ remains dovish. The yield gap favors USD strength. Steady US data supports recovery, while global risks may limit JPY demand.
✨ Summary
A bounce from support within the channel aligns with USD-positive fundamentals. Watch 146 for a breakout signal.
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- Descending channel
USD/JPY is trading within a downward channel, recently bouncing off support near 142.00. - Key resistance
The upper boundary near 146 serves as key resistance; a breakout would indicate a trend reversal. - Predictive scenario
Price may retest resistance with potential for further upside if bullish momentum holds.
💡 Fundamental Analysis
The Fed maintains high rates, while the BoJ remains dovish. The yield gap favors USD strength. Steady US data supports recovery, while global risks may limit JPY demand.
✨ Summary
A bounce from support within the channel aligns with USD-positive fundamentals. Watch 146 for a breakout signal.
-------------------
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📊 Technical Analysis
- USDJPY broke above a falling wedge pattern, signaling a potential bullish reversal.
- The pair found support near 141.60, a multi-month low.
- If the price holds above 142.20, it may rise toward 144.20 and potentially 145.
💡 Fundamental Analysis
USD has shown resilience amid recent economic data, including a 1.4% increase in retail sales for March. The Fed has no plans to cut interest rates anytime soon.
✨ Summary
A breakout from the falling wedge pattern coupled with strong US economic data and Fed stance supports a bullish outlook for USDJPY. Holding above 142.20 keeps the pair on track toward 144.20, with potential to reach 145 in the medium term.
-------------------
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🔻FREE Telegram channel🔻
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Crypto signals in telegram
@DeGRAMCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
90% accuracy in telegram
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
🔻FREE Telegram channel🔻
t.me/DeGRAMChannel
Crypto signals in telegram
@DeGRAMCrypto
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.