【USD/JPY】1-Hour Chart Analysis｜April 23, 2025

USD/JPY Analysis – Continued Decline Near 140.00, Focus on Support

Overview:

As of April 22, 2025, USD/JPY continues to decline, with the price hovering near the support level of 140.00. This analysis uses ADX, MACD, and moving averages to forecast future market movements and propose short-term trading strategies.

Key Point 1: Persistent Downward Pressure Near 140.00

Currently, USD/JPY is under continued downward pressure near the 140.00 level, and this support level is being tested. If this support breaks, a further decline to the next support zone at 139.50 is expected. The price is positioned below the 50-period moving average, indicating that the market continues to move in a bearish direction.

Point: The 140.00 level is a crucial support area, and breaking below this level could confirm further declines.

Image Source: cTrader Platform

Key Point 2: ADX Suggests Continuation of Weak Trend

The current ADX (Average Directional Index) is below 20, indicating a weak trend. This implies that the market is moving within a range, and a strong trend has not yet developed. Downward pressure may persist near 140.00, and range-bound movement is expected until a clear trend forms.

Point: The weak trend indicated by ADX suggests that range trading may continue, with selling pressure persisting until a clear trend emerges.

Key Point 3: MACD Indicates Bearish Momentum

The MACD line is below the signal line, and the histogram is in the negative territory. This confirms continued strong downward pressure, and the price is likely to move further downwards.

Point: The bearish MACD crossover suggests that the current downward momentum will continue, potentially leading to further short-term declines.

Future Outlook and Trading Strategy:

Currently, USD/JPY is in a downtrend, with range-bound movement continuing. Pay attention to the following points to predict the next developments:

• ADX Movement: As long as the ADX does not exceed 20, the strength of the trend is not confirmed. If the ADX rises, it indicates the emergence of a trend, and trend-following strategies are effective.
• MACD Movement: As long as the MACD line remains below the signal line, the price is likely to continue falling.
• Support and Resistance: Support near 140.00 has been confirmed, and if this level breaks, the next support is near 139.50.

Trading Examples (By Scenario)

Bullish Scenario (Rebound Play)
Entry: Near 140.00
Take Profit: 140.50 and above
Stop Loss: Below 139.70

Bearish Scenario (Breakdown Play)
Entry: Break below 140.00
Take Profit: 139.50
Stop Loss: Above 140.30

Conclusion:

Current technical indicators suggest that USD/JPY is likely to continue facing downward pressure. Pay attention to the movement of MACD and ADX, and if the 140.00 support line breaks, further declines are expected. It is important to trade cautiously while closely monitoring market movements.

Disclaimer:

This article is for informational purposes only and does not constitute investment advice. All investment decisions should be made at your own discretion and responsibility.

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