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USDJPY maintains its uptrend on the H4 timeframe, with higher highs and higher lows and price holding above the EMA50 and EMA100. However, the failure to sustain above 160 indicates weakening momentum as the market reacts strongly at this level. In the near term, the 159.6–159.8 zone acts as key support; holding above it could allow consolidation and a retest of 160.5, while a break below may lead to a pullback toward 159 or deeper to 158–158.2. Sustained price action above 160 would open the way toward 161.9–162.
On the H4 timeframe, USDJPY continues to maintain its uptrend, with price structure forming higher highs and higher lows. Previous pullbacks toward the 157.5 and 158 areas were quickly absorbed, indicating that buyers remain in control of the market. Price holding above both the EMA50 and EMA100 further reinforces the bullish momentum in the medium term.
USDJPY remains in an uptrend on the H4 timeframe, but its inability to hold above 160 suggests that momentum is weakening as selling pressure begins to emerge around this sensitive level.
However, recent price action shows a clear market reaction around the 160 level. After breaking above this threshold, USDJPY failed to sustain gains and quickly pulled back, suggesting that selling pressure is emerging as the pair moves into this sensitive zone. This indicates that while the uptrend remains intact, momentum has started to weaken compared to the previous phase.
In the short term, the 159.6–159.8 area serves as immediate support. Holding above this zone could allow USDJPY to consolidate before retesting the recent high around 160.5. On the downside, a break below 159.6 may open the door for a deeper pullback toward 159, or even further toward the 158–158.2 region.
On the upside, if USDJPY can maintain stability above 160, it would increase the likelihood of a retest of the recent high near 160.5. A sustained breakout above this level could pave the way for further upside toward higher resistance around 161.9–162.
30.3.2026
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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