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On the H4 timeframe, USDJPY continues to maintain a bullish structure with a sequence of higher highs and higher lows. Price is currently approaching the key resistance zone at 158.90–159.00. A successful breakout above this level could extend the rally toward 159.40–159.50 before testing the psychological barrier at 160.00. However, in the near term, the pair may experience a pullback or consolidation phase, with immediate support located around 157.30–157.50 and deeper support near 156.30–156.40.
On the H4 timeframe, USDJPY continues to maintain a clear bullish structure, with price moving within an ascending channel and forming a sequence of higher highs and higher lows. This structure indicates that bullish momentum remains dominant in both the short and medium term.
USDJPY continues to maintain a bullish structure on the H4 timeframe. A breakout above the 158.90–159.00 resistance zone could open further upside toward 159.50 and the key psychological level at 160.00.
Currently, price is approaching a key resistance zone around 158.90–159.00, an area that previously acted as a short-term supply zone and has repeatedly generated selling pressure. If USDJPY manages to break above and sustain trading beyond this resistance, the bullish move could extend toward 159.40–159.50, before potentially testing the major psychological level at 160.00.
Trend indicators also support the bullish scenario. Price remains above key moving averages, including the MA50 and MA100, while the upward slope of these averages suggests that the medium-term uptrend remains firmly intact.
However, in the near term, USDJPY may face pullback pressure or a consolidation phase as it approaches this strong resistance zone. The nearest support level is located around 157.30–157.50, corresponding to the 0.236 Fibonacci retracement level (157.34) and a previous breakout area. If a deeper correction occurs, the next support could be found near 156.30–156.40, close to the 0.382 Fibonacci retracement level and the confluence of key moving averages, which may help reinforce buying interest within the ongoing uptrend.
11.3.2026
USDJPY
(Chart powered by TradingView. Charts are for educational and illustrative purposes only and may differ from live trading prices on our platform.)
Disclaimer: The chart reflects the analyst's opinion and does not constitute investment advice. Past performance is no guarantee of future returns. Seek independent advice before making decisions.
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Linh Tran
Market Analyst
Linh Tran is a member of the Market Analysis team at XS.com, holding a Master’s degree and with experience in the financial markets since 2018. She focuses on macroeconomic analysis, central bank policies, and multi-asset markets including forex, commodities, equities, and cryptocurrencies, delivering structured and data-driven market insights.
This written/visual material is comprised of personal opinions and ideas and may not reflect those of the Company. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. XS, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same. Our platform may not offer all the products or services mentioned.
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