USD/JPY Consolidates Around 146, Awaiting Breakout
USD/JPY is currently in a consolidation phase around the 146 level.
As of April 10, 2025, the 1-hour chart of USD/JPY shows a consolidation around the 146 level. Using indicators like ADX, MACD, and moving averages, we forecast the future trend and propose short-term trading strategies. For real-time economic data and fundamental information about USD/JPY, please refer to the following sites:
Currently, USD/JPY is consolidating around the 146 level, with support from moving averages (50MA, 200MA). The price is in a high range, and after this consolidation, a breakout with upward momentum is expected.
※Image source: cTrader platform
ADX is currently above 40, indicating a strong trend is continuing. This suggests that the upward momentum is likely to persist, with a potential rebound within the 146.00–146.50 range.
The MACD histogram is positioned above the zero line, and both the MACD line and signal line are forming a bullish crossover. This movement signals that upward pressure is building, and further bullish action can be expected.
USD/JPY is in a consolidation phase, and we should focus on the following points to build a strategy:
Whether ADX maintains above 40 or continues to rise
MACD line movements and histogram expansion
Support near 146.00 and resistance around 146.50
Bullish Scenario (Rebound Play)
Entry: Around 146.00–146.20
Target: Above 146.80
Stop Loss: Below 145.70
Bearish Scenario (Breakdown Play)
Entry: Below 145.80
Target: 145.30
Stop Loss: Above 146.30
This strategy is for educational purposes only. In actual trading, please prioritize risk management and personal judgment.
While strong bullish signs are observed, a breakout may take some time to develop. It's important to monitor the movements of MACD and ADX and adjust trading strategies accordingly.
For the latest updates, check the FIXIO Blog.
This article is intended for informational purposes only and does not constitute financial or investment advice. The analyses and strategies mentioned are based on past data and current market conditions, and may be subject to change in the future. When making investment decisions, always conduct your own research and consult a professional if necessary.
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