Technical analysis of USD/JPY 05/30/2025

USD/JPY (1D) is currently in a corrective upward phase, moving within a narrowing triangle. The pair rebounded from the 140.00 area, which aligns with the 2024 low and the 0.0% Fibonacci level — a key support zone that triggered the recent recovery.

The current price is 143.80. The pair is struggling to break above the 23.6% Fibonacci level at 144.25, which also coincides with the lower boundary of the descending channel acting as resistance.

The key resistance is at 149.40, where the 50% Fibonacci retracement, the 100-day MA, and the 200-day MA converge — forming a strong technical barrier. A breakout above this level would suggest a potential shift toward a more sustained bullish trend.

Further resistance levels are at 151.60 (61.8% Fibo) and 158.70 (100% Fibo, previous high).

Support lies at 143.00 (local trendline) and the critical 140.00 zone.

MA100 and MA200 are still sloping downward, indicating the long-term trend remains under bearish pressure. RSI is at 46.7 — neutral to slightly weak, with no signs of overbought conditions.

A drop below 140.00 would reopen the path toward deeper downside.

Created by Joshua Hayn