USDJPY Tests 158 After Fibonacci Rebound

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USDJPY has recovered strongly from the 152.00–152.50 area (0.5 Fibonacci) and is currently trading near 157.50, maintaining a higher-low structure and holding above the EMA50 and EMA100. However, as the pair nears the 157.90–158.00 resistance zone, upward momentum appears to be fading. A daily close above 158.00 could open the door toward 159.50–160.20, while a break below 156.00–156.30 would increase the risk of a deeper pullback toward 152.00–152.50.

On the daily timeframe, following a sharp pullback toward the 152.00–152.50 area (Fibo 0.5), USDJPY has staged a strong recovery and is now trading around 157.50, approaching the key resistance zone near 157.90–158.00. The fact that price has quickly retraced most of the previous decline suggests that buying pressure remains dominant in the broader picture.

USDJPY maintains its medium-term bullish structure after rebounding from the 0.5 Fibonacci zone around 152.00–152.50. However, as it approaches resistance at 157.90–158.00, momentum is beginning to slow, making this a key area that could determine the pair’s short-term direction.

From a structural perspective, USDJPY continues to form higher lows, while price remains above the EMA50 and EMA100, indicating that the primary trend has not been broken. However, as the pair approaches supply zones, upward momentum appears to be slowing and volatility has expanded, reflecting a clear tug-of-war between buyers and sellers.

The 157.90–158.00 area currently acts as an important short-term resistance level. If USDJPY can secure a stable daily close above this zone, the path could open toward 159.50 and further up to 160.00–160.20, corresponding to previous highs within the ascending channel. Conversely, failure to break above 158, accompanied by strong selling pressure, could trigger a technical pullback.

On the downside, the 156.00–156.30 zone serves as the nearest support area. Holding above this region would help preserve the short-term bullish structure. If selling pressure intensifies and price falls below 154.00, the daily uptrend could enter a deeper corrective phase, potentially revisiting the 152.00–152.50 area, which also represents the most recent structural low.

USDJPY-Technical-Outlook

3.3.2026

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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