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USD/JPY – Tuesday, July 29, 2025.
Based on the Golden Cross position on the EMA (50) and EMA (200), it indicates a dominant bullish bias in USD/JPY. However, the RSI (14) is at a neutral bearish level and the appearance of divergence between the USD/JPY price movement and the RSI (14) indicator also provides a hint and warning of a potential weakening correction in the near future.
Key Levels
1. Resistance. 2 : 149.28.
2. Resistance. 1 : 148.91.
3. Pivot : 148.22.
4. Support. 1 : 147.85.
5. Support. 2 : 147.16.
Tactical Scenario
Positive Reaction Zone: If USD/JPY successfully breaks through and closes above 148.91, it has the potential to continue strengthening to 149.28.
Momentum Extension Bias: If 149.28 successfully breaks through and closes above this level, supported by supportive momentum and volatility, USD/JPY will continue strengthening to 149.97.
Invalidation Level / Bias Revision
Upside bias weakens when the price falls and breaks through and closes below 147.16.
Technical Summary
EMA(50) : 148.31.
EMA(200): 147.70.
RSI(14) : 45.34
Economic News Release Agenda:
Optimism regarding a trade tariff agreement with the United States and the potential for a hawkish policy from the Bank of Japan (BOJ) has the potential to strengthen USD/JPY today. Tonight, there will be a data release from the United States - JOLTS Job Openings at 21:00 WIB.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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