21:03 UTC
Uptrend broken, corrective lower · RSI 36 · price 157.656
Sharp reversal off highs, now consolidating.
The multi-month uptrend from the April ~155.5 base to the late-July peak at 163.99 reversed hard on the joint US-Japan intervention, USD/JPY shedding nearly six big figures in three sessions to a 155.23 low before stabilising near 157.65. Price now trades below EMA(50), pinned in a tight 157.15-157.95 band over the last four sessions as the intervention-driven yen gains fade. The broken 159.55 support now caps as resistance ahead of the 160.00 psych/intervention zone.
Support: 157.15, 155.23
Resistance: 159.55, 160.00
What it said to watch
- Daily close back above 159.55 would repair the intervention break
- Loss of 155.23 swing low opens toward 155.00/154.10
- US NFP Fri 12:30 UTC is the dominant near-term driver of this read