USD/JPY struggles around a one-week-old ascending support line even as bears keep the reins near 147.30 during Wednesday’s Asian session. In doing so, the yen pair drops for the second consecutive day while failing to justify the latest hesitance in breaking an immediate rest point.
Although the aforementioned trend line restricts immediate USD/JPY downside, the pair’s upside remains elusive unless it successfully crosses the horizontal area comprising multiple levels marked since Monday, around 148.35-45.
Following that, the 61.8% Fibonacci Expansion (FE) of the pair’s October 27 to November 01 moves, near 149.30, could test the USD/JPY bulls before directing them to the 150.00 round figure and the latest multi-year high marked in October around 151.95.
Alternatively, a downside break of the 147.25 level, comprising the previously mentioned support line, will need validation from the 50% Fibonacci retracement of October 27-31 upside, near 147.00, to convince USD/JPY bears.
In that case, the late October swing low near 145.10 and then to the 145.00 round figure becomes more likely.
Overall, USD/JPY remains on the bear’s radar ahead of the key Federal Open Market Committee (FOMC) meeting.

Trend: Further downside expected
© 2000-2025. Sva prava zaštićena.
Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.
Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.
Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.