09:18 UTC
Downtrend, base building · RSI 47 · price 156.698
Lower high then range above 156.00.
USDJPY remains pinned below the post-drop ceiling after Wednesday's sharp leg down from 157.83 to 155.03 on safe-haven Yen flows tied to Middle East tensions. Price has since carved a tight range between 156.02 and 156.87, with yesterday's push to 156.95 rejected and rolled back into the mid-156s. RSI(14) is mid-range near 47, EMA(20) caps overhead around 156.75, and the broader bias on this window is corrective.
Support: 156.43, 156.02, 155.61
Resistance: 156.87, 157.20, 157.83
What it said to watch
- Hourly close above 156.87 prior high opens path back to the 157.20 ema50 zone
- Loss of 156.43 range low exposes 156.02 swing low and the 155.61 week low
- Wells Fargo flags a firm US April CPI print upcoming — could materially shift this read