【USD/JPY】1-Hour Chart Analysis｜April 24, 2025

USD/JPY Analysis – Breakout Near 142.80, Next Target 143.00

Overview:

As of April 24, 2025, USD/JPY (Dollar-Yen) is rising near 142.80, moving towards a breakout. This analysis uses ADX, MACD, and moving averages to forecast future market movements. If the price breaks through 142.80, the upward movement towards the next target of 143.00 may accelerate.

Key Point 1: Breakout at 142.80 and Upward Pressure

Currently, USD/JPY is consolidating around 142.80, but the moving averages (50MA, 200MA) are still functioning as support, suggesting strong upward pressure as long as this support is maintained. If the price breaks through 142.80, the next target will be 143.00, and the upward movement may accelerate. Market sentiment is bullish, and higher levels are expected, especially if the trend is strong.
If the price falls without breaking through 142.80, the next support levels are around 142.50 or 142.00. If the price falls below these support lines, downward pressure will increase in the short term, making it difficult to aim for a stable upward movement again.

Image Source: cTrader Platform

Key Point 2: ADX (Average Directional Index) Indicates Bullish Trend

The current ADX is above 30, indicating that the upward trend is strengthening. If the ADX exceeds 40, upward pressure is expected to increase further, and the trend may accelerate. If the ADX exceeds 50, the upward trend will be confirmed, and the price may rise sharply.
Even if the ADX does not exceed 50, the current level indicates sufficiently strong upward pressure, making it effective to adopt a trend-following strategy. As selling pressure is weak, the upward movement is likely to continue.

Key Point 3: MACD Bullish Crossover

The MACD line has crossed above the signal line, and the histogram is also in positive territory. This bullish crossover indicates that upward pressure is strengthening, suggesting that the price is likely to rise further. The larger the MACD histogram becomes, the more the upward momentum accelerates, signaling the continuation of the trend.
With the MACD crossing above the zero line, the upward trend is confirmed, and an upward movement towards the next target of 143.00 is expected. The increasing histogram is a positive signal that the price will rise further.

Future Outlook and Trading Strategy:

USD/JPY is currently in an upward trend, and the next target is expected to be 143.00. It is important to pay attention to the following points to formulate a strategy:

ADX Movement: If the ADX exceeds 50, the upward trend is likely to accelerate. A trend-following strategy is effective once the ADX exceeds 40.
MACD Movement: As the MACD line has crossed above the signal line and the histogram is increasing, the continuation of the upward trend is expected.
Support and Resistance: If 142.80 is broken, the next target will be 143.00, and the upward movement may continue.

Trading Examples (By Scenario)

Bullish Scenario (Aiming for Rise)
Entry: Around 142.80
Profit Target: 143.00 or more
Stop Loss: Less than 142.50

Bearish Scenario (Aiming for Decline)
Entry: Break below 142.50
Profit Target: 142.00
Stop Loss: More than 142.80

Summary: Focus on the Continuation of the Upward Trend

Current technical indicators suggest that the upward trend is likely to continue. It is important to closely monitor the movements of MACD and ADX and trade along the upward trend. If 142.80 is broken, the upward movement towards 143.00 may accelerate.

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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