- April 15, 2026
- Posted by: EWGFX
- Category: Technical analysis
USD/JPY has been looking like it has been buiding a small top from End of March until now..We have seen divergence on the Technical Indicators, but the price remained in this topping pattern…Interesting point to note…In the ” down days” you have seen greater volatility and this suggests there is more to come on the downside and we are just at the start of the move lower..
158.53 is where the market has halted on the first 2 attempts…However the saying is ” what cant go up, goes down ” and
JPY
has been trying to go lower, even with some tight ranges…159.21/25 offers good resistance and we are seeing sellers in at this point.#Traders ..
A break of 158.50 would see the market accelerate to the downside and we would be looking at 157.55/30 as a good viable target area #Proptraders Todays Daily Pivot is 158.91 an we are exactly at that point, so this level will be quite important today…
As I have said, the topside is being handled by the 9 and 18 day M/As @ 159.21/24…As long as this resistance holds the bias will be in the sellers camp..