Every read JAFX AI made on the USD/JPY weekly chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
19:02 UTC
Multi-quarter uptrend, sharp weekly rejection · RSI 54 · price 157.724
Uptrend intact above EMA50 but capped at 164 highs.
Multi-quarter uptrend from the April 2025 low near 140 to a 164.00 prior high, with price holding above a rising W1 EMA(50) — macro structure remains constructive. The latest weekly bar is a sharp rejection off the highs, closing near 157.7 after the shock US July payrolls collapse hammered the dollar; price now sits below EMA20. The 160.00 psych level caps recovery while 155.23 marks the intervention-related floor below.
Support: 155.23, 152.70
Resistance: 160.00, 164.00
What it said to watch
- Weekly close below 155.23 interv low exposes the 152.70 swing low
- Reclaim of 160.00 psych needed to resume the uptrend
- US CPI Wed Aug 12 is the decisive catalyst and could materially shift this read
19:02 UTC
Uptrend, sharp weekly reversal · RSI 54 · price 157.724
Rising highs capped by weekly rejection off 164.
Macro uptrend intact from the April 2025 low near 140 to the 163.99 print, with price still holding above a rising W1 EMA(50) — regime remains constructive at the multi-quarter scale. The most recent completed week was a violent rejection off 164 down to 157.5 as the dollar was hammered by the shock July payrolls collapse (-23K), pulling price back below EMA20. Support is layered at 157.50 (weekly low), 155.02 and the January swing low near 152.09; 160.00 psych and the 163.99 prior high cap the topside.
Support: 157.50, 155.02, 152.09
Resistance: 160.00, 163.99
What it said to watch
- US CPI (Aug 12) is the decisive catalyst after the payrolls shock and could reshape this read
- W1 close below 155.02 swing low confirms a deeper reversal from the 164 high
- Reclaim of 160.00 psych needed to reassert the uptrend