The USDJPY has started the new trading week with continued upward movement. It gained 67 pips or 0.45% last week and has added another 50 pips or 0.34% today, now trading around 149.76.
A rise above the 100-hour moving average at 149.227 has resulted in more buying activity. The low of 149.326 during today’s Asian session remained above this level, supporting the bullish trend.
Testing The 15000 Resistance
The pair peaked at 149.949, close to the 150.00 resistance, before retreating to 149.51 in European trading, but rebounded in North American trading.
If it surpasses 150.00, the next resistance range lies between 150.11 and 150.288. Additionally, the 38.2% retracement of the 2025 trading range at 151.249 is identified as the next target if the upward trend continues.
Conversely, falling below the 100-hour (149.227) and 200-hour moving averages (148.895) would shift the market perspective toward sellers.
This article outlines the recent movements in the currency pair and highlights key technical levels traders are watching. The steady climb last week, followed by additional gains at the start of this one, suggests that buying interest remains intact. Passing above the 100-hour moving average encouraged further upward momentum, with the price maintaining support above this key level during the Asian session. When price action stays above such markers, it often signals that buyers still have control.
The temporary retreat after testing the 150.00 threshold was met with renewed demand later in the day. Holding near this round number suggests that market participants are actively assessing whether there is enough conviction to push higher or if resistance will force a deeper pullback. If the price can break through 150.00 and sustain movement above it, attention may quickly shift toward the next resistance zone between 150.11 and 150.288.
Key Technical Levels To Watch
Beyond that, a move toward 151.249, tied to the 38.2% retracement of the broader trend, would indicate further confidence in the upside. However, there are clear downside risks that should not be overlooked. A decline below both the 100-hour and 200-hour moving averages would point to a different sentiment unfolding. If these support levels break, it could lead to a shift toward profit-taking or even an attempt by sellers to regain control.
For traders who base decisions on technical analysis, these levels provide reference points for managing risk and identifying opportunities. It is not just a question of where price is now but how it behaves around these thresholds in the coming days. A failure to hold critical support could lead to a much different outlook than a breach of resistance would. Monitoring whether buyers remain firm at key zones or begin to step back will help in understanding the direction of momentum.
