Forex
2.00
Posted July 29, 2026
USDJPY
Sell
SELL
Entry Price
163.7500
Signal Details
Direction
Sell
Entry Price
163.7500
Risk: Reward
1:1.5
Trade Levels
Technical Chart
Market Analysis
The USDJPY climbed to its highest level in 40 years as expectations for Federal Reserve rate hikes this year remained strong. However, we may expect some profit-taking and certain manipulation around the current highs.
Key Indicators
USDJPY bulls maintained control with a powerful bullish continuation candle, but the price is approaching a key red horizontal resistance zone of 164/164.50.
Fundamental Context
The next 2 days features a busy calendar with end-of-month portfolio rebalancing, geopolitical events, and key economic data releases, suggesting continued volatility in the near term.
Risk Alert
The currency pair may face short-term rejection near 164. However, the consolidation near current highs suggests accumulation before the next expansion move.
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