Earlier this week, I maintained a bullish bias on USDJPY after the price reversed from the weekly demand zone at 139.901 on April 21, 2025, supported by bullish seasonality and strong institutional positioning.
However, during the first three days of this week, USDJPY pulled back to around 142.814, moving below the initial point of interest. This short-term bearish move tested sentiment, but price has now reached a daily demand zone, where a bullish indecision candle is currently forming.
This candle signals a potential shift in momentum, suggesting that the bulls may be regaining control. With the seasonal trend, institutional long positions, and a technical support zone aligning, the setup remains valid — only delayed.
The Yen's recent strength, driven by its safe-haven appeal, is likely to fade as the USD begins to assert dominance once again. This sets the stage for a possible continuation of the broader bullish move.
I maintain my buy bias on USDJPY, with a focus on price action confirmation at current levels.
FOLLOW ME FOR WEEKLY BIAS.
However, during the first three days of this week, USDJPY pulled back to around 142.814, moving below the initial point of interest. This short-term bearish move tested sentiment, but price has now reached a daily demand zone, where a bullish indecision candle is currently forming.
This candle signals a potential shift in momentum, suggesting that the bulls may be regaining control. With the seasonal trend, institutional long positions, and a technical support zone aligning, the setup remains valid — only delayed.
The Yen's recent strength, driven by its safe-haven appeal, is likely to fade as the USD begins to assert dominance once again. This sets the stage for a possible continuation of the broader bullish move.
I maintain my buy bias on USDJPY, with a focus on price action confirmation at current levels.
FOLLOW ME FOR WEEKLY BIAS.
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.
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.