Review of USD/JPY Currency Pair Status as of 02/04/2025

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Review of USD/JPY Currency Pair Status as of 02/04/2025

 
The key support and resistance level ahead for USD/JPY is as follows:
•Third Key resistance level of USD/JPY: 151.200
• Second Key resistance level of USD/JPY: 150.900
• First key resistance level of USD/JPY: 149.953
• First key support level of USD/JPY:148.715
• Second Key support level of USD/JPY: 146.480
•Third Key support level of USD/JPY: 145.386
 
Review of USD/JPY Currency Pair Status as of 02/04/2025
 
As indicated in the previous analysis of the USD/JPY currency pair dated March 11, 2025, the price exhibited upward potential, and ultimately, buyers successfully established an upward trend.
Under the current circumstances, considering the long-term chart intervals, the pair is positioned at a sensitive juncture, and the potential for a correction of the upward trend persists. Should prices stabilize below the key level of 148.715, the price has the potential to reach the support level of 146.480.

In shorter-term intervals, such as the daily chart, the formation of pin bar patterns over the past two days suggests relative activity from high-risk buyers near the key level of 148.715, which has been the factor preventing a price decline over the past two days. If prices move above this key level, buyer activity is expected to intensify. In this scenario, the resistance level of 150.900 is considered a notable target for buyers.
  

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