USDJPY Daily Analysis Based on Main Key Levels – April 29, 2025
- Neom
- Apr 29
- 1 min read
Daily Current Market Price (DCMP): 💹 142.420
🔍 Key Technical Snapshot
Swing High: 151.214
Swing Low: 142.054
Above DCMP (Resistance): 142.534, 143.366, 144.549
Below DCMP (Support): 141.904, 141.452, 140.721
📊 Trade Setups
1️⃣ Intraday Buy Trade
Entry: 🎯 140.952 (Strong Support Zone)
Stop Loss: ⚠️ 140.721 (Support3)
Take Profit 1: 💰 141.904
Take Profit 2: 🚀 142.420 (DCMP Retest)
Rationale: Price tests 61.8% Fibonacci retracement (142.054-151.214) with bullish RSI divergence.
2️⃣ Intraday Sell Trade
Entry: 🎯 142.534 (Key Resistance Cluster)
Stop Loss: ⚠️ 143.366 (Resistance1)
Take Profit 1: 💰 142.000
Take Profit 2: 🚀 141.452
Rationale: Bearish MACD crossover near 142.534-143.366 supply zone.
📉 Technical Indicators
Fibonacci Levels: 142.054 (Swing Low) to 151.214 (Swing High) retracement active.
RSI: 48 (Neutral with bearish bias).
MACD: Histogram turning negative below signal line.
💡 Analyst Insight
USDJPY consolidates between 140.952-142.534 with DCMP (142.420) as pivot. Bank of Japan intervention risks loom near 142.000 psychological level.
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