2026-09-12 · FOREX
US Dollar / Yen (USD/JPY) Daily Analysis
HOLD
40% confidence · 153.554 JPY
TREND
The USD/JPY daily chart shows a strong bearish trend, with the price at 153.554 JPY trading below the EMA9 (155.24), EMA21 (156.99), and EMA50 (158.62).
SUMMARY
Yesterday's signal was HOLD at 154.538 JPY with 45% confidence. Today's signal remains HOLD, but confidence has slightly weakened to 40% as the price has moved down to 153.554 JPY. The pair is currently oversold with an RSI of 29.26 and trading near the lower Bollinger Band (152.69), suggesting a potential for a short-term bounce. However, the MACD at -1.62 and the price remaining below all key EMAs (EMA9 at 155.24, EMA50 at 158.62) confirm the underlying bearish momentum, despite the oversold conditions.
SUPPORT
152.9
RESISTANCE
160.38
TIMEFRAME BIAS
The short-term bias is bearish due to the price being below EMAs and MACD, while the long-term bias also remains bearish.
PATTERNS
Evening Star: 3-candle bearish reversal pattern, indicating continued downward pressure.