📊 USDJPY 13th January 2025 Daily Analysis Based on Main Key Levels

The USDJPY is currently trading near critical support and resistance levels, offering clear opportunities for intraday buy and sell setups. This analysis is based on the Daily Current Market Price (DCMP) of 157.426 and incorporates technical indicators like Fibonacci retracement, RSI divergence, and MACD crossing, along with swing high and swing low levels.

🔍 Key Levels Overview

Resistance Levels (Above DCMP):

🔴 Resistance 1: 158.581

🔴 Resistance 2: 158.971

🔴 Resistance 3: 159.602

Support Levels (Below DCMP):

🟢 Support 1: 156.610

🟢 Support 2: 156.296

🟢 Support 3: 154.977

🔍Swing Levels:

Swing High: 158.087

Swing Low: 156.237

🔍 Technical Analysis of USDJPY

The Daily Current Market Price (DCMP) of 157.426 is situated between major resistance and support levels. These levels provide traders with actionable zones for both buying and selling opportunities.

Key Technical Indicators:

Fibonacci Levels: Resistance and support levels closely align with Fibonacci retracement and extension zones, making them reliable for trade setups.

RSI Divergence: RSI shows neutral momentum, with no signs of overbought or oversold conditions.

MACD Crossing: MACD indicates a slight bearish bias, suggesting a potential pullback before any significant recovery.

🔍 Trade Setups for USDJPY

Intraday Buy Trade Setup

📍 Entry Price: 🟢 156.610

🛡️ Stop Loss: 🛑 156.296

🎯 Take Profit 1: 🟢 157.319

💰 Take Profit 2: 🟢 157.620

This trade setup is based on the strong support level at 156.610, which aligns with Fibonacci retracement and pivot zones. MACD suggests a potential bullish move near this level.

Intraday Sell Trade Setup

📍 Entry Price: 🔴 157.620

🛡️ Stop Loss: 🛑 158.087

🎯 Take Profit 1: 🔴 157.319

💰 Take Profit 2: 🔴 156.610

This trade setup is structured around the resistance level at 157.620, which aligns with Fibonacci extension levels and pivot zones. RSI indicates potential overbought conditions near this level, and MACD supports a bearish outlook.

🔍 Summary of Support and Resistance Levels

Resistance Levels: 158.581, 158.971, 159.602

Support Levels: 156.610, 156.296, 154.977

Conclusion

USDJPY is trading near critical levels, with 156.610 acting as a strong support zone and 157.620 as a key resistance level. These levels offer structured trade setups for intraday buying and selling opportunities. By integrating technical indicators such as Fibonacci retracement, RSI divergence, and MACD, traders can enhance the precision of their strategies.