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USD/JPY is trading on the four-hour chart within a sideways range tilted modestly to the upside after rebounding from the 152.00 low. The formation of a higher low and a push toward the 0.382 Fibonacci level near 154.70 signal improving short-term momentum, supported by sustained trading above 153.00. However, the broader trend remains corrective, with key resistance clustered between 157.50 and 158.00. A confirmed break above 155.25 would strengthen bullish continuation prospects, while a drop below 152.00 would negate the positive bias.
On the four-hour timeframe, USD/JPY is trading within a sideways range with a slight bullish bias following a clear rebound from the 152.00 low. The pair has managed to form a higher low, followed by gradual upside acceleration toward the 0.382 Fibonacci retracement level around 154.70. This price action reflects improving short-term momentum, particularly as the pair continues to hold above the 153.00 level, suggesting the formation of a technical support base that could pave the way for an attempt to target higher levels if bullish momentum persists.
USD/JPY is attempting to build a short-term base above 152.00, but a confirmed breakout above 155.25 is needed to validate any sustained upside extension.
19.02.2026 - 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.
At the same time, the pair faces key resistance in the 157.50–158.00 zone, which aligns with the 0.786 Fibonacci retracement level as well as a prior supply area that previously triggered strong price rejection. Meanwhile, the moving average on the same timeframe remains flat to slightly downward sloping, indicating that the broader trend has not yet fully shifted to bullish territory but is still undergoing a corrective phase within a prior decline that started from the February highs. A clear break above 155.25, followed by sustained trading above 156.00, would strengthen the case for a bullish extension toward the 157.50–158.00 range.
On the other hand, momentum indicators are hovering in elevated territory, increasing the likelihood of a short-term corrective pullback before any further upside continuation. A break below 153.80 and then 152.80 would revive selling pressure and open the door for a retest of the key psychological support at 152.00, which represents the lower boundary of the current range and a critical pivot for maintaining the constructive outlook. Overall, the technical bias remains cautiously positive as long as price holds above 152.00, with preference given to the bullish scenario contingent on a decisive break above 155.25 and higher resistance levels.
Supports: 153.80 – 152.80 – 152.00
Resistances: 155.25 – 157.50 – 158.00
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Rania Gule
Market Analyst
A market analyst and member of the Research Team for the Arab region at XS.com, with diplomas in business management and market economics. Since 2006, she has specialized in technical, fundamental, and economic analysis of financial markets. Known for her economic reports and analyses, she covers financial assets, market news, and company evaluations. She has managed finance departments in brokerage firms, supervised master's theses, and developed professional analysis tools.
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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