Technical analysis of USD/JPY 07/25/2025
The USD/JPY pair on the daily timeframe (1D) is trading within an upward correction after reaching a local low near 140.00.
The bullish momentum is weakening as the price approaches the key level of 147.30, which coincides with the 50% Fibonacci retracement and the 200-day moving average (MA 200).
A breakout above this level would signal a continuation of the correction, with a potential target around 151.40 (61.8% Fibonacci retracement).
The primary support lies in the 140.00 area.
Created by Joshua Hayn
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