US dollar vs yen: multi-timeframe supports maintain consolidation above ¥155 as trading stays positive

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Us dollar vs yen rises 0.28% today

Highlights

USD/JPY trades at ¥155.96, remaining above the MA-20, MA-50, and MA-200, which confirms a bullish structure across all timeframes.
Momentum signals are moderately bullish with MACD (D1) on a strong buy, RSI at 50.61 (D1) and 65.14 (W1), and no overbought conditions detected.
For the coming week, the expected USD/JPY range is ¥154.80–¥157.20 with over 80% probability of an upward move driven by positive weekly momentum.

Mild bullish momentum as technical supports and oscillators stay balanced

The immediate dynamic support is near the Ichimoku Kijun at ¥155.78, while MA-50 now acts as a strong secondary support, with round-number resistance emerging closer to ¥156.00. Momentum signals are mostly positive, with MACD on D1 showing a strong buy while both D1 and W1 ADX remain neutral, suggesting the underlying trend is present but not particularly strong. RSI (50.61 D1, 65.14 W1) and BBP (0.38 D1, "Buy") point to moderate bullish momentum without overbought extremes, while Stoch RSI and CCI remain neutral on the daily timeframe, hinting at balanced conditions. Oscillator divergence is present as Awesome Oscillator suggests a minor sell, while momentum and buyer dominance continue to support a mildly positive tone.

High upside odds as tight range and baseline support underpin outlook

For the coming week, the expected range is adjusted to ¥154.80 – ¥157.20, reflecting typical recent volatility and keeping the price action close to current levels. The probability of an upward move is very high (more than 80%) based on consistent buy signals across W1 momentum and moving averages, making a decline less likely. The baseline scenario sees USD/JPY oscillate sideways between ¥155.80 and ¥156.90. A bullish break above ¥156.90 opens room toward ¥157.20, while a drop below ¥155.80 could see the pair test ¥154.80, though underlying support from higher timeframes still favors buyers.

Anton Kharitonov, expert at Traders Union, sees the technical structure for USD/JPY as bullish, with price well above all key moving averages. Momentum remains positive, but underlying trend strength is subdued and there are neutral signals from several oscillators. He notes a high probability of sideways movement with minor bullish bias, but warns that the trend is not robust. "With momentum signals mixed and significant support at ¥155.80, I remain cautious—until clear momentum or a decisive breakout appears, defensive positioning is prudent."

Previously it was reported that USD/JPY holds above key moving averages, with bullish momentum signals from MACD and ongoing dominance by buyers, despite some intraday overbought readings from RSI and Stoch RSI. The pair trades near resistance, with support levels defined by the Ichimoku Kijun and MA-50, and the outlook favors further upside unless dollar demand materially weakens.

Source of Data: USD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.