Every read JAFX AI made on the USD/JPY 4-hour chart that day, newest first: trend, structure, the levels it marked and what it said to watch.
21:02 UTC
Uptrend, momentum flattening near highs · RSI 54 · price 162.397
Higher lows, consolidating below range cap.
Higher-low structure intact since the 161.28 pullback, with price now churning in a tight 162.00-162.55 band just beneath the 40-year cycle high at 162.84. ATR(14) has compressed as the pair grinds the 162.00 floor higher while supply caps repeatedly near 162.55. Yen remains pinned at multi-decade lows and price is pressing the top of the range into Japan CPI.
Support: 162.00, 161.28
Resistance: 162.55, 162.84
What it said to watch
- H4 close above 162.55 opens the path to the 162.84 cycle top
- Break of 163.00 sharply raises MoF intervention odds
- Loss of 162.00 floor exposes the 161.28 swing low
- Japan National CPI (Jul 23) could reprice the read materially
21:02 UTC
Uptrend, momentum slowing near highs · RSI 56 · price 162.397
Consolidation below 40-yr high after recovering the spike low.
Price is coiling in a tight 162.00-162.55 band just beneath the 162.84 40-year high, with USD underpinned by the safe-haven/oil bid and JPY pinned near cycle lows. Structure has ground higher-lows since the 160.63 spike low, and ATR(14) compression points to a breakout pending. The 163.00 ceiling remains the level the market distrusts given MoF intervention rhetoric.
Support: 162.00, 161.28, 160.63
Resistance: 162.55, 162.84, 163.00
What it said to watch
- H4 close above 162.84 opens the 163.00 ceiling and raises MoF intervention risk
- Failure to hold the 162.00 range floor exposes the 161.28 swing low
- Japan National CPI on Jul 23 could materially shift this read