📈 USDJPY 28th January 2025 Daily Analysis Based on Main Key Levels

Daily Current Market Price (DCMP): 155.797

Key Levels Summary 🔑

Below DCMP (Supports):

Immediate Support: 155.084 (Critical Demand Zone)

Strong Support: 154.617 (BUY/Support2)

Swing Low: 154.775 (4H/Daily Base)

Above DCMP (Resistances):

Immediate Resistance: 156.597 (Key Weekly Level)

Strong Resistance: 157.064 (SELL/Resistance2)

Swing High: 158.880 (Recent Price Ceiling)

Trade Ideas 💡

Intraday Buy Setup

Entry Price: 🎯 155.084 (Weekly Support Zone)

Stop Loss: 🛑 154.617 (Below BUY/Support2)

Take Profit 1: ✅ 155.840 (Weekly Pivot)

Take Profit 2: ✅ 156.597 (Immediate Resistance)

Rationale: Price retesting support aligns with Fibonacci 38.2% retracement. MACD hints at bullish momentum reversal.

Intraday Sell Setup

Entry Price: 🎯 157.064 (Weekly Resistance Zone)

Stop Loss: 🛑 157.820 (Above SELL/Resistance3)

Take Profit 1: ✅ 155.795 (Daily Resistance1)

Take Profit 2: ✅ 154.827 (Daily Pivot)

Rationale: Rejection at resistance coincides with RSI (58.6) overbought conditions and bearish divergence on 4H charts.

Technical Analysis Snapshot 📊

Fibonacci: 157.064 aligns with the 61.8% retracement level, acting as strong resistance.

RSI: Neutral at 58.6, approaching overbought territory.

MACD: Bullish crossover fading, signaling potential reversal.

Price Action: USDJPY consolidates between 155.084 (support) and 157.064 (resistance).

Final Thoughts 💬

USDJPY faces a tug-of-war between bullish momentum and resistance at 157.064. Intraday traders should target buys near 155.084 and sells at 157.064. Watch for BoJ intervention cues and U.S. Treasury yield shifts.