Aayush Jindal
Key Highlights
- USD/JPY struggled to continue higher above 154.50.
- It traded below a bullish trend line with support at 153.80 on the 4-hour chart.
- Bitcoin tested the $100,000 zone before starting a consolidation phase.
- The US nonfarm payrolls could change by 50K in Oct 2025, up from 22K.
USD/JPY Technical Analysis
The US Dollar failed to continue higher toward 155.00 against the Japanese Yen. USD/JPY is now showing signs of a downside correction from 154.50.
Looking at the 4-hour chart, the pair traded below 154.00 and a bullish trend line with support at 153.80. There was a move below 153.50 and the pair tested the 50% Fib retracement level of the upward move from the 151.54 swing low to the 154.48 high.
On the downside, the pair might find support at 153.00. The main support might be 152.65 and the 61.8% Fib retracement level of the upward move from the 151.54 swing low to the 154.48 high.
A close below the 152.65 zone could start a pullback toward the 100 simple moving average (red, 4-hour). Any more losses might open the doors for a test of 151.00 and the 200 simple moving average (green, 4-hour).
If there is a fresh increase, the pair could face resistance near 154.20. The first major resistance is 154.50. A close above 154.50 resistance might push the pair to 155.00. Any more gains could set the pace for a steady increase toward 156.40.
Looking at Bitcoin, there was a sharp decline below $103,500 and the price is now consolidating losses above $100,000.
Upcoming Key Economic Events:
- US nonfarm payrolls for Oct 2025 – Forecast 50K, versus 22K previous.
- US Unemployment Rate for Oct 2025 - Forecast 4.3%, versus 4.3% previous.
